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In teams, select a public company that interests you and is a business that has accounts receivable. Obtain the companys most recent annual report on
In teams, select a public company that interests you and is a business that has accounts receivable. Obtain the companys most recent annual report on Form 10-K. The Form 10-K is a companys annually required filing with the Securities and Exchange Commis- sion (SEC). It includes the companys financial statements and accompanying notes. The Form 10-K can be obtained either (a) by referring to the investor relations section of the companys website or (b) by using the company search feature of the SECs EDGAR database service found at www.sec.gov/edgar/searchedgar/companysearch.html. 1. Based on the information in the companys most recent annual report, answer the following questions: a. What amount of accounts receivable did the company report at the end of the most recent year? b. What is the balance in the companys Allowance for Uncollectible Accounts at the end of the most recent year? c. What percentage of total current assets is accounts receivable at the end of each of the two years presented? Has this percentage increased, decreased, or remained the same during this period? d. How much bad debt expense did the company report for the most recent year? 2. Using the information presented in the companys annual report, calculate the companys accounts receivable turnover for the current and previous years. Based on this information, has the companys management of accounts receivable improved? Briefly explain your
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