Question 1

Analyzing the Allowance for Uncollectible Accounts Following is the current asset section from the Mondelez balance sheet.

	Dec. 31,	Dec. 31,
$ millions	2018	2017
Cash and cash equivalents	$2,200	$1,522
Trade receivables*	4,524	5,382
Other receivables**	1,488	1,670
Inventories, net	5,184	5,114
Other current assets	1,812	1,352
Total current assets	$15,208	$15,040
Total assets	$125,458	$125,914

* (net of allowances of $80 at 2018 and $100 at 2017) **(net of allowances of $94 at 2018 and $196 at 2017) a. What is the commonsize trade receivables, net, at yearend 2018?

i.	29.75%	Answer

ii.	15.94%	Answer
iii.	3.61%	Answer
iv.	3.54%	Answer

b. What do Mondelezs customers owe the company at December 31, 2018 ($ millions)?

i.	$4,524	Answer

ii.	$4,604	Answer
iii.	$4,444	Answer
iv.	$6,012	Answer

c. What does Mondelez expect to collect from its customers as of December 31, 2017 ($ millions)?

i.	$5,382	Answer

ii.	$5,482	Answer
iii.	$5,282	Answer
iv.	$7,052	Answer

d. What is the GROSS Receivables at yearend 2018 ($ millions)?

i.	$4,604	Answer

ii.	$6,186	Answer
iii.	$6,012	Answer
iv.	$5,932	Answer

e. What percentage of trade receivables does the company deem uncollectible as of yearend 2018?

i.	1.77%	Answer

ii.	2.89%	Answer
iii.	1.49%	Answer
iv.	1.74%	Answer

f. Based on the analysis above, in which year does the company have higher quality trade receivables?

i.	2018	Answer

ii.

2017

Answer