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D Question 21 3 pts PART B The following details are for questions 21-23. Each individual question will opper below the details. PayPal Inc (PYPL)
D Question 21 3 pts PART B The following details are for questions 21-23. Each individual question will opper below the details. PayPal Inc (PYPL) has the following excerpts from their financial statements: PayPal Financial Item December 31, 2016 December 31, 2015 December 31, 2014 Net Receivables" (in $ Millions) 19,905 16.582 14.957 "Net Receivable = Gross receivable minus Allowance Gross Account Receivables, December 31, 2016: $20,039 Million Gross Account Receivables, December 31, 2015: $16,815 Million Credit Sales during 2016: $7,700 Million Collections during 2016: $4,223 Million 2% of credit sales is assumed to be uncollectable Question Bad debt expense for 2016 (rounded to the nearest million) is: $154 Million $146 Million $115 Million $134 Million
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