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Microsoft is the leading developer of sof tware in the world. To continue to be successful Microsott must generate new products, which requifes sinnifieant amounts
Microsoft is the leading developer of sof tware in the world. To continue to be successful Microsott must generate new products, which requifes sinnifieant amounts of cach Thu following is the current asset and current liability information from Microsoft's recent balance sheets (in milfion). Following the Microsoft data is the current asset and current liabilify information from Oracle's balance Sheets of the same year (in millions). Cracle is another major sof tware developer. Microsoft provided the following disclosure related to its accounts receivable. Allowance for Doubtful Accounts. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts is as follows. fin millions) Microsoft provided the following disclosure related to its accounts receivable. Allowance for Doubtful Accounts. The allowance for doubtful accounts reflects our best estimate of probable losses inherent in the accounts receivable balance. We determine the allowance based on known troubled accounts, historical experience, and other currently available evidence. Activity in the allowance for doubtful accounts is as follows: (in millions) (a) Compute Microsoft's accounts receivable turnover for the current year. Microsoft had sales revenue of $143,015 million in the current vear. (Round receivable turnover to 2 decimal palces, es. 1.25 and collection period to to 0 decimal place, es. 52.) Recelvablestumover times Coliection period dan
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