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The following information is available for Bergstrom Inc. and Sineann Inc. at December 31, 2016: Accounts Bergstrom Sineann Accounts receivable $ 60,400 $ 78,400 Allowance

The following information is available for Bergstrom Inc. and Sineann Inc. at December 31, 2016:

Accounts Bergstrom Sineann
Accounts receivable $ 60,400 $ 78,400
Allowance for doubtful accounts 2,848 2,356
Sales revenue 646,960 897,100

Required

a.

What is the accounts receivable turnover for each of the companies for 2016? (Round your answers to 1 decimal place.)

b.

What is the average days to collect the receivables for 2016? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number.)

c.

Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whole number.)

The following information is available for Bergstrom Inc. and Sineann Inc. at December 31, 2016:

Accounts

Bergstrom

Sineann

Accounts receivable

$

60,400

$

78,400

Allowance for doubtful accounts

2,848

2,356

Sales revenue

646,960

897,100

Required

a.

What is the accounts receivable turnover for each of the companies for 2016? (Round your answers to 1 decimal place.)

b.

What is the average days to collect the receivables for 2016? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number.)

c.

Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whole number.)

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