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Net credit sales, Dec 31, 2019, $620,000 Net accounts receivable, Dec 31, 2018 $145,000 Net accounts receivable, Dec 31, 2019 $175,000 Number of days sales
Net credit sales, Dec 31, 2019, $620,000 Net accounts receivable, Dec 31, 2018 $145,000 Net accounts receivable, Dec 31, 2019 $175,000 Number of days sales in receivable ratio, 2018 110 days Net income, Dec 31, 2018 $350,000 1. Bad debt estimation percentage using the income statement method is 6.5%, and the balance sheet method is 8%. The $140,000 in Other Expenses includes all company expenses except Bad Debt Expense. 2. What benefits do each company gain by changing their method of bad debt estimation
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