https://www.sec.gov/Archives/edgar/data/0001022079/000102207918000038/0001022079-18-000038-index.htmLinks to an external site.

Use financial statements of Quest Diagnostics in fiscal year 2017 and answer the following questions:

Income Statement:

1. For the fiscal year 2017, how much bad debt expense was recorded on the income statement? Where on the income statement is it? (Note: you can not find this information through the interactive data on SEC Edgar. You need to go to the 10K and search for this information.)

2. What do you notice about how much was recorded as Bad Debt Expense relative to the amount of receivables written off each year at Quest? (Hint: see the end of 10K for: Schedule II: Valuation Accounts and Reserves.)