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The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Accounts receivable $ 60,400 Supply, Inc. $ 77,800
The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Accounts receivable $ 60,400 Supply, Inc. $ 77,800 Allowance for doubtful accounts 2,748 616,960 2,356 917,100 Sales revenue Required a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the accounts receivable turnover for each of the companies? (Round your answers to 1 decimal place.) Accounts Receivable Company Market Supply Turnover times times
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