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Taylor Anderson Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Taylor Anderson reported the following information about
Taylor Anderson Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Taylor Anderson reported the following information about Net Sales Revenue and Accounts Receivable all amounts in millions
June June
Accounts Receivable, Net of Allowance for Doubtful Accounts of $ and $ $ $
Net Revenues
According to its Form K Taylor Anderson recorded Bad Debt Expense of $ and did not recover any previously writtenoff accounts during the year ended June
Required:
& What amount of accounts receivable was written off during the year ended June What was Taylor Anderson receivables turnover ratio in
Does your answer in requirement suggest the collectibility of Accounts Receivable improved or deteriorated in relative to when the turnover was
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