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Interpreting the Accounts Receivable NoteHP Inc. reports the following in a recent 1 0 - K . $ millionsCurrent YearPrior YearTwo Years PriorAccounts receivable, net$
Interpreting the Accounts Receivable NoteHP Inc. reports the following in a recent K$ millionsCurrent YearPrior YearTwo Years PriorAccounts receivable, net$$$RevenueNotes to the companys K provide the following additional information relating to its allowance for doubtful accounts.For Fiscal Years Ended October $ millionsCurrent YearPrior YearTwo Years PriorAllowance for doubtful accounts accounts receivableBalance, beginning of period$$$Provision for doubtful accountsDeductions, net of recoveriesBalance end of period$$$a What is the gross amount of accounts receivables for HP in the current and two prior years?$ millionsCurrent YearPrior YearTwo Years PriorAccounts receivable, grossb. What is the percentage of the allowance for doubtful accounts to gross accounts receivable the current and two prior years?Note: Do not use a negative sign.$ millionsNumeratorDenominator of Allowance for Doubtful Accounts to Gross Accounts ReceivableCurrent Year:Prior Year:Two Years Prior:c What amount of bad debts expense did HP report each year? Compute the ratio of bad debts expense to the accounts receivable actually written off.Note: Do not use a negative sign.$ millionsBad Debt ExpenseCurrent Year:Prior Year:Two Years Prior:
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