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please help with 7 Asap Microsof's financial statements for the 2015 and 2014 fiscal years contained the following information: In addition, the statement of cash
please help with 7 Asap
Microsof's financial statements for the 2015 and 2014 fiscal years contained the following information: In addition, the statement of cash flows disclosed bad debt expense of $1,431 million in 2015 and $1,047mililon in 2014. Required: 1. Determine the amount of actual bad debt write-offs made during 2015 . Note: Enter your answer in millions and not in dollars. 2. Determine the amount of cash collected from customers during 2015. Note: Enter your answer in mililons and not in dollars. 3. Compute the recelvables turnover ratio for 2015. Note: Round your answer to 2 decimal places Step by Step Solution
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