Suppose the information below is from the 2017 financial statements and accompanying notes of the Scotts Company, a major manufacturer of lawn-care products.

Answer each of the following questions.

a) calculate the accounts receivable turnover and average collection period for 2017 for the company.

b) Is accounts receivable a material component of the company's total 2017 current assets?

c) Scotts sells seasonal products. How might this affect the accuracy of your answer to part a?

d) Evaluate the credit risk of Scotts' 2017 concentrated receivables.

e) Comment on the informational value of Scotts' Note 19 on concentrations of credit risk.

L) Average COIECLIOIl PTCLIO AOL LY What concerning the management of accounts receivers conclusions from these data? A Lawn INTERPRETING FINANCIAL STATEMENTS CT8-4 Suppose the information below is from the 2017 financial statements and a companying notes of The Scotts Company, a major manufacturer of lawn-care products ac (in millions) 2017 2016 Accounts receivable Allowance for uncollectible accounts Sales revenue Total current assets $ 270.4 10.6 2,981.8 1,044.9 $ 259.7 11.4 2,871.8 999.3 THE SCOTTS COMPANY Notes to the Financial Statements Note 19. Concentrations of Credit Risk Financial instruments which potentially subject the Company to concentration of credit risk consist principally of trade accounts receivable. The Company sells its con sumer products to a wide variety of retailers, including mass merchandisers, home centers, independent hardware stores, nurseries, garden outlets, warehouse clubs, food and drug stores and local and regional chainsProfessional products are sold to