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The annual report for Sears Holdings Corporation contained the following information (in millions)2016 2015 Accounts Receivable Allowance for Doubtful Accounts 3 Accounts Receivable, Net $455
The annual report for Sears Holdings Corporation contained the following information (in millions)2016 2015 Accounts Receivable Allowance for Doubtful Accounts 3 Accounts Receivable, Net $455 455 25 420 $43 Assume that accounts receivable wirite-offs amounted to $1 during 2016 and $9 during 2015 and that Sears did not record any recoveries Required: Complete the following table idicating the dr ection of the effect (+ for increase,-for decrease, and NE for no effect, of each transaction during 2016 Net Credit Average Net Accounts Receivable Receivables Turnover a Vlthg om uncolectie accounts b Reconding bad debt expense 5 6 8
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