Question 7 Answer saved Marked out of 20.00 Flag question Interpreting the Accounts receivable Footnote Hewlett-Packard Company (HPQ) reports the following in its 2009 10-K report. October 31 (in millions) 2009 2008 Accounts receivable, net $16,537 $16,928 HPQ footnotes to its 10-K provide the following additional information relating to its allowance for doubtful accour For the fiscal years ended October 31 (in millions) Allowance for doubtful accounts-accounts receivable 2009 2008 2007 Balance, beginning of period Increase in allowance from acquisition $553 $226 $ 220 245 3 282 226 32 Addition of bad debts provision Deductions, net of recoveries Balance, end of period (206) (144) (29) $ 629 $553 $226 (a) What is the gross amount of accounts receivables for HPQ in fiscal 2009 and 2008? ($ millions) Gross accounts receivable 2009 17,166 2008 17,481 (b) What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2009 and 2008? places.) ($ millions) 2009 2008 Percentage of uncollectible accounts to gross accounts receivable 3.66% 3.16% (c)What amount of bad debts expense did HPQ report each year 2007 through 2009? What amount was actually w