Nature of Uncolectible Accounts The XYZ Corporation owns and operates casinos. As of a recent year, The Xx2 Corporation reported accounts receivable of $491,000 and allowance for doubtful accounts of $69,722 Patient Care manufactures and sells a wide range of health care products. As of a recent year, Patient Care reported accounts receivable of 28,000 and allowance for doubtful accounts of $39,744 Round a. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for The XYZ Corporation. your answers to one decimal place. b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for Patient Care c. Possible reasons for the difference in the two ratios computed in (a) and (b) include: a. Casino operators historically lose money on operations. b. Casino operators have larger accounts receivable c. Individuals who may have adequate credit worthiness could overextend themsel and lose more than they can afford if they get caught up ia the excitement of 9a d. Casino operations experience greater bad debt risk, since it is difficult to control the creditworthiness of customers entering the casino. bing