Nature of Uncolloctible Accounts MGN Resorts International owns and cperates hotels and cacinos induding the MGM Grand and the Bellagio in Las vepas, Nevada: As of a rrcent yoac. MGM reported accounts receivable of $562,947,000 and allowance for doubtful accounts of $89,602,000. Johinson 8 ichnsan manufacture0 and sels a wide range of healthcare products including fand-Alds and Tyenol. As of a recent year, jsi reported accounts noceivabie of $11,260,000,000 and allowance for doubthil accounts of $275,000,000, a. Cambute the percentage of the allowance for doubtiul accounts to the accounts recoivable for MGM. Round woer answer to one dedmal olace. b. Compute the percentage of the allowance for doubeful accounts to the accounts receivable for Jchnson 5 lokicon. Round vour answer to one decimal olace. c. Aosible reasions for the ditference in the two ratios computed in (a) and (b) include: a. Casino opereton bistorically lose money on operations: b. Casino operators have larger accounts recelvable. c. Inowideale who may have adeguate creditworthiness could everextend themselves and lose more than ther can afforit if they get cuugt up in the exeitement of aambling a. Casino eperations experience greater bad debt risk because it is difficult to controt the crediforthineis of customers entarina the catipp