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Nike, Inc. is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2017 financial statements contain the following information (Sin millions): 2017 2016

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Nike, Inc. is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2017 financial statements contain the following information (Sin millions): 2017 2016 Balance sheets: Accounts receivable, net Income statements Sales revenue $ 3,677 $ 3,241 534, 350 $32,376 A note disclosed that the allowance for uncollectible accounts had a balance of S19 million and $43 million at the end of 2017 and 2016, respectively. Bad debt expense for 2017 was 540 million. Assume that all sales are made on a credit basis. Required: 1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016? 2. What is the amount of bad debt write-offs during 2017? 3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2017 4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017, Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017. (Enter your Required: 1. What is the amount of gross (total) accounts receivable due from customers at the end of 2017 and 2016? 2. What is the amount of bad debt write-offs during 2017? 3. Analyze changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2017 4. Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017 Complete this question by entering your answers in the tabs below. Required 1 Required 2 Required 3 Required 4 Analyze changes in net accounts receivable to calculate the amount of cash received from customers during 2017. (Enter your answers in millions. Decreases should be indicated by a minus sign.) Accounts Receivable (net) Beginning (net) accounts receivable $ 3.241 Sales 34 350 Bad debts expense (40) Write-offs Cash collected from customers Ending (net) accounts receivable S 37,551

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