E8-13 (Algo) Using Financial Statement Disclosures to Infer Write-Offs and Bad Debt Expense and to Calculate the Receivables Turnover Ratio [LO 8-2, LO 8-4] Evans Software develops, produces, and markets a wide range of computer software including the Windows operating system. Evans Software reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). Accounts Receivable, Net of Allowance for Doubtful Accounts of $260 and $310 Net Revenues June 30, 2019 $ 16,450 58,000) June 30, 2018 $ 15,200 52,000 According to its Form 10-K, Evans Software recorded Bad Debt Expense of $17 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1&2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Evans Software receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 3.9? Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Evans Software. receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times E8-13 (Algo) Using Financial Statement Disclosures to Infer Write-Offs and Bad Debt Expense and to Calculate the Receivables Turnover Ratio [LO 8-2, LO 8-4] Evans Software develops, produces, and markets a wide range of computer software including the Windows operating system. Evans Software reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). Accounts Receivable, Net of Allowance for Doubtful Accounts of $260 and $310 June 30, 2019 $ 16,450 58,000 June 30, 2018 $ 15,200 52,000 Net Revenues According to its Form 10-K, Evans Software recorded Bad Debt Expense of $17 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 182. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Evans Software receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 3.9? Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 3.97 Improved Deteriorated < Req 1 to 2 Reg >