Interpreting the Accounts receivable Footnote Hewlett-packard Company (HPO) reports the following in its 2012 10-K report. October 31 (in millions) 2012 2011 Accounts receivable, net $16,407 $18,224 HPQ footnotes to its 10-K provide the following additional information relating to its allowance for doubtful accounts. For the fiscal years ended October 31 (in millions) 2012 2011 2010 Allowance for doubtful accounts-accounts receivable Balance, beginning of period $ 470 $ 525 $ 629 Increase in allowance from acquisition -- 27 Addition of bad debts provision 100 23 80 Deductions, net of recoveries (106) (105) (191) Balance, end of period $ 464 $ 470 $ 525 d)Compute HPQ's write-offs as a percentage of the allowance account at the beginning of the year. (Round your answers to two decimal places) 2012 write-offs as a percentage of beginning of year allowance: Answer: 2011 write-offs as a percentage of beginning of year allowance