Case Study 22. Research and analysis Access the 2020 annual report for Cochlear Limited by doing an internet search. Save this as you will use it again in future weeks. Part (a): Conduct your analysis using Revenues in the Income statement and Receivables Trade and other in the Balance sheet. Part (b): Allowance for Bad Debts = Allowance for impairment losses (see (b) Credit risk note on p. 97-98 of Cochlear's 2020 annual report you will need to read this to answer this question). Impairment in this case means determining that the receivable will definitely not be collected. Note that answers for parts (iii), (iv) and (v) of this question are not provided in Cochlear's 2020 annual report. Part (c): Ratios: Days in Receivables Ratio: 365 Receivables Turnover Ratio Receivables Turnover Ratio: Credit sales (Beginning Receivables + Ending Receivables) = 2 Allowance ratio: Allowance for Bad Debts Net accounts Receivables + Allowance for Bad Debts* * Net accounts Receivables + Allowance for Bad Debts = Gross Accounts Receivables Case Study 22. Research and analysis Access the 2020 annual report for Cochlear Limited by doing an internet search. Save this as you will use it again in future weeks. Part (a): Conduct your analysis using Revenues in the Income statement and Receivables Trade and other in the Balance sheet. Part (b): Allowance for Bad Debts = Allowance for impairment losses (see (b) Credit risk note on p. 97-98 of Cochlear's 2020 annual report you will need to read this to answer this question). Impairment in this case means determining that the receivable will definitely not be collected. Note that answers for parts (iii), (iv) and (v) of this question are not provided in Cochlear's 2020 annual report. Part (c): Ratios: Days in Receivables Ratio: 365 Receivables Turnover Ratio Receivables Turnover Ratio: Credit sales (Beginning Receivables + Ending Receivables) = 2 Allowance ratio: Allowance for Bad Debts Net accounts Receivables + Allowance for Bad Debts* * Net accounts Receivables + Allowance for Bad Debts = Gross Accounts Receivables