Exercise 7-16A Accounts receivable turnover and average days to 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 $ 59,800 2,348 656,960 Supply, Inc $ 75,000 2,655 877, 10e Required .. What is the accounts receivable 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? Complete this question by entering your answers in the tabs below Required A Required B Required decimal place What is the accounts receivable turnover for each of the companies? Round your answer to Accounts Receivable Company Turnover Market Supply Required B > Required A Required B Required a What is the average days to collect the receivables? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number) Company Average Collection Period Market days Supply days Required A Required B Required c Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whole number Company Estimated Percentage of Uncollectible Accounts Market Supply