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Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2009 10-K report. October 31 (in millions) 2009 2008 Accounts receivable, net

Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2009 10-K report.

October 31 (in millions) 2009 2008
Accounts receivable, net $16,537 $16,928

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) 2009 2008 2007
Allowance for doubtful accounts-accounts receivable
Balance, beginning of period $ 553 $ 226 $ 220
Increase in allowance from acquisition -- 245 3
Addition of bad debts provision 282 226 32
Deductions, net of recoveries (206) (144) (29)
Balance, end of period $ 629 $ 553 $ 226

(a) What is the gross amount of accounts receivables for HPQ in fiscal 2009 and 2008?

($ millions) 2009 2008
Gross accounts receivable Answer Answer

(b)What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2009 and 2008? (Round your answers to two decimal places.)

($ millions) 2009 2008
Percentage of uncollectible accounts to gross accounts receivable Answer Answer

(c)What amount of bad debts expense did HPQ report each year 2007 through 2009? What amount was actually written off?

($ millions) 2009 2008 2007
Bad debt expense Answer Answer Answer
Amount actually written off Answer Answer Answer

(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). 2009 write-offs as a percentage of beginning of year allowance: Answer% 2008 write-offs as a percentage of beginning of year allowance: Answer%

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