ST&C ' s financial statements for the 2 0 1 5 ?and 2 0 1 4 ?fiscal
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Question:
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ST&Cs financial statements for the ?and ?fiscal years contained the following information:
In addition, the statement of cash flows disclosed bad debt expense of $ ?million in ?and $ ?million in
Required:
Determine the amount of actual bad debt writeoffs made during
Note: Enter your answer in millions and not in dollars.
Determine the amount of cash collected from customers during
Note: Enter your answer in millions and not in dollars.
Compute the receivables turnover ratio for
Note: Round your answer to ?decimal places.
table ?Writeoffs during ?Cash collection during ?Accounts receivable turnover ratio,
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