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Homework: Cash and Receivables Assignment i Green Technologies is a leading global end-to-end technology provider, with a portfolio of hardware, software and service solutions. In a recent annual report, the balance sheet included the following information (\$ in millions): 5 points In addition, the income statement reported sales revenue of $94,166 million for the current year. All sales are made on a credit basis. The statement of cash flows indicates that cash collected from customers during the current year was $93,868 million. There could have been significant recoveries of accounts recelvable previously written off. Required: 1. Compute the following (\$ in millions): a. The amount of bad debts written off by Green during 2020 (Hint: Treat it as a plug in the gross accounts receivable account). b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint. Treat it as a plug in the allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020 , assuming that it used the income statement approach. 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Homework: Cash and Receivables Assignment i a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. 2 Complete this question by entering your answers in the tabs below. points Compute the following (s in millions): a. The amount of bad debts written off by Green during 2020 (Hint: Treat it as a plug in the gross accounts receivable account). b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint: Treat it as a plug in the allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020, assuming that it used the income statemen approach. Note: Enter your answers in millions. Round your percentage answer to 3 decimal places. 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Suppose that Green had used the direct write-off method to account for bad debts, calculate the accounts receivable information that would be included in the 2020 year-end balance sheet. Note: Enter your answers in millions. allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020 , assuming that it used the income statement approach. 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Suppose that Green had used the direct write-off method to account for bad debts, calculate the amount of bad debt expense that Green would include in its 2020 income statement. Note: Enter your answers in millions. Homework: Cash and Receivables Assignment i Green Technologies is a leading global end-to-end technology provider, with a portfolio of hardware, software and service solutions. In a recent annual report, the balance sheet included the following information (\$ in millions): 5 points In addition, the income statement reported sales revenue of $94,166 million for the current year. All sales are made on a credit basis. The statement of cash flows indicates that cash collected from customers during the current year was $93,868 million. There could have been significant recoveries of accounts recelvable previously written off. Required: 1. Compute the following (\$ in millions): a. The amount of bad debts written off by Green during 2020 (Hint: Treat it as a plug in the gross accounts receivable account). b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint. Treat it as a plug in the allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020 , assuming that it used the income statement approach. 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Homework: Cash and Receivables Assignment i a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. 2 Complete this question by entering your answers in the tabs below. points Compute the following (s in millions): a. The amount of bad debts written off by Green during 2020 (Hint: Treat it as a plug in the gross accounts receivable account). b. The amount of bad debt expense that Green included in its income statement for 2020 (Hint: Treat it as a plug in the allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020, assuming that it used the income statemen approach. Note: Enter your answers in millions. Round your percentage answer to 3 decimal places. 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Suppose that Green had used the direct write-off method to account for bad debts, calculate the accounts receivable information that would be included in the 2020 year-end balance sheet. Note: Enter your answers in millions. allowance for uncollectible accounts). c. The approximate percentage that Green used to estimate bad debts for 2020 , assuming that it used the income statement approach. 2. Suppose that Green had used the direct write-off method to account for bad debts. Compute the following (\$ in millions): a. The accounts receivable information that would be included in the 2020 year-end balance sheet. b. The amount of bad debt expense that Green would include in its 2020 income statement. Complete this question by entering your answers in the tabs below. Suppose that Green had used the direct write-off method to account for bad debts, calculate the amount of bad debt expense that Green would include in its 2020 income statement. Note: Enter your answers in millions