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Interpreting the Accounts Receivable Footnote HP Inc. reports the following in its 2018 10-K report. October 31 (in millions) 2018 2017 Accounts receivable $5,113 $4,414
Interpreting the Accounts Receivable Footnote HP Inc. reports the following in its 2018 10-K report. October 31 (in millions) 2018 2017 Accounts receivable $5,113 $4,414 Footnotes to the company's 10-K provide the following additional information relating to its allowance for doubtful accounts. For the fiscal years ended October 31 (in millions) 2018 2017 2016 Allowance for doubtful accounts-accounts receivable Balance, beginning of period $101 $107 $80 Provision for doubtful accounts 57 30 65 Deductions, net of recoveries (29) (36) (38) Balance, end of period $129 $101 $107 (a) What is the gross amount of accounts receivables for HP in fiscal 2018 and 2017? ($ millions) 2018 2017 Gross accounts receivable (b)What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2018 and 2017? (Round your answers to two decimal places.) ($ millions) 2018 2017 Percentage of uncollectible accounts to gross accounts receivable 2017 (c)What amount of bad debts expense did HP report each year 2016 through 2018? What amount was actually written off? ($ millions) 2018 2016 Bad debt expense Amounts actually written off $ $ (d)Compute HP write-offs as a percentage of the allowance account at the beginning of the year. (Round your answers to two decimal places) 2017 write-offs as a percentage of beginning of year allowance: % 2018 write-offs as a percentage of beginning of year allowance: %
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