Exercise 7-16A (Algo) 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 Required Market, Inc. $ 60,400 Supply, Inc. $ 76,000 2,648 616,960 3,156 867,100 a. 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 C