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Please answer these problems. Here is the link to the annual report: https://investors.revlon.com/financial-information/annual-reports Problem #2 Revlon (obtain 2021 annual report or 10k online-review financial statements
Please answer these problems. Here is the link to the annual report: https://investors.revlon.com/financial-information/annual-reports
Problem \#2 Revlon (obtain 2021 annual report or 10k online-review financial statements and notes-all \#'s are in \$M) 1. What is the amount of gross accounts receivable at fiscal year-end 2021 ? 2. Suppose that write-offs of accounts receivable during fiscal year 2021 amounted to $5, there were no reinstatements, and all sales during 2021 were on credit. (a) Prepare the journal entry to record bad debt expense during 2021. (b) Determine cash collected from customers during 2021 . 3. What inventory costing method(s) does Revlon use for financial reporting? 4. Calculate inventory turnover for fiscal year 2021. 5. Compute the amount of "Work-in-process and raw materials" transferred to finished goods during 2021
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