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QUESTION 3) (20 pts) Three years data extracted from Company A's financial reports is given below. As an analyst do you think that allowances for

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QUESTION 3) (20 pts) Three years data extracted from Company A's financial reports is given below. As an analyst do you think that allowances for 2020 is sufficient? Note: To defend you answer you need to make some calculations (10 pts) and to comment on your findings in a min. of 30 words (10 pts). (Show the calculation otherwise you will not gain any points - Use at least two digits after the decimal points) Sales Revenue Accounts Receivable Allowance for Doubtful Accounts 2018 123,800 24,760 2,476 2019 162,500 32,500 3,250 2020 148,000 29,600 2,516

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