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(s thousands) 2017 2016 2015 Accounts receivable. $1,153,988 $1,136,593 $1,169,469 Allowance for doubtful accounts. 25,378 21,376 24,370 Accounts receivable, net 1,128,610 1,115,217 1,145,099 Activity in

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(s thousands) 2017 2016 2015 Accounts receivable. $1,153,988 $1,136,593 $1,169,469 Allowance for doubtful accounts. 25,378 21,376 24,370 Accounts receivable, net 1,128,610 1,115,217 1,145,099 Activity in the allowance for doubtful accounts for the past three fiscal years is as follows: (s thousands) 2017 2016 2015 Balance at beginning of year $21,376 $24,370 $26,283 Charged to income.. 17,568 9,165 5,813 Deductions 13,566 12,159 7,726 Allowance at end of year 25,378 21,376 24,370 Includes write-offs, recoveries of previous write-offs, and currency translation adjustments. Mattel's revenues were $4,881,951 thousand and $5,456,650 thousand for fiscal years 2017 and 2016, respectively. REQUIRED What amount did Mattel report as accounts receivable, net in its December 31, 2017, balance sheet? b. Prepare journal entries to record bad debts expense and write-offs of uncollectible accounts in fiscal 2017. (Assume that Deductions did not include recoveries or foreign currency adjust- ments.) Post these entries to T-accounts. Now suppose Mattel experienced a $350 thousand re- covery of a previously written-off receivable. How should the company record this recovery? c. Compute the ratio of allowance for doubtful accounts to gross accounts receivable for fiscal 2016 and 2017 d. Compute Mattel's accounts receivable turnover and average collection period for 2017 and 2016. What might be the cause of the changes that you observe in parts c and d? e

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