Exercise 7-16A Accounts receivable turnover and average days collect accounts receivable LO 7-7 The following information is available for Market, Inc. and Supply, Inc. at December 31 Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. $ 56,800 2,448 636,960 Supply, Ine. $ 77,200 2,856 917, 100 Required a. What is the accounts recelvable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Required A Required B Required C What is the accounts receivable turnover for each of the companies? Company Accounts Receivable Turnover times Market Supply times Required A Required B Required C What is the average days to collect the receivables? (Use 365 days in a yea your answers to the nearest whole number.) Company Market Average Collection Period days days Supply Required A Required B Required C Assuming both companies use the percent of receivables allowance method, wh. accounts for each company? (Round your percentage answers to nearest whole Company Estimated Percentage of Uncollectible Accounts % Market Supply %