Nature of Uncollectible Accounts

The XYZ Corporation owns and operates casinos. As of a recent year, The XYZ Corporation reported accounts receivable of $517,000 and allowance for doubtful accounts of $103,917.

Patient Care manufactures and sells a wide range of health care products. As of a recent year, Patient Care reported accounts receivable of $882,000 and allowance for doubtful accounts of $52,920.

Round all amounts to one decimal place.

a. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for The XYZ Corporation. %

b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for Patient Care. %