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Please answer A, B & C Exercise 7-16A (Algo) Accounts receivable turnover and average days to collect accounts receivable LO 7-7 The following information is
Please answer A, B & C
Exercise 7-16A (Algo) Accounts receivable turnover and average days to collect accounts receivable LO 7-7 The following information is available for Market, Incorporated and Supply, Incorporated at December 31: Required: a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. What is the accounts receivable turnover for each of the companies? Note: Round your answers to 1 decimal placeStep by Step Solution
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