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market incorporated and supply incorporated The following information is available for Market, Incorporated and Supply, Incorporated at December 31. Market, Supply, Accounts Incorporated Incorporated Accounts
market incorporated and supply incorporated
The following information is available for Market, Incorporated and Supply, Incorporated at December 31. Market, Supply, Accounts Incorporated Incorporated Accounts receivable $56,200 $79,000 Allowance for doubtful accounts 2,848 3,156 Sales revenue 666,960 917, 100 Required a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Required A Required B Required C What is the accounts receivable turnover for each of the companies? (Round your answ Company Market Supply Accounts Receivable Turnover times times Required a Required B Company Market Average Collection Period days days Supply Assuming both companies use the percent of receivables al accounts for each company? (Round your percentage answe Company Estimated Percentage of Uncollectible Accounts Market % Supply % Step by Step Solution
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