The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. Supply, Inc. $ 59,800 $. 76,600 2,848 2,756 626,960 877, 100 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 I decimal place) Company Accounts Receivable Tumover Market times Supply times Required > The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Supply, Inc. Accounts receivable $ 59,800 $ 76,600 Allowance for doubtful accounts 2,848 2,756 Sales revenue 626,960 877,100 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 What is the average days to collect the receivables? (Use 365 days in a year. Do not round Intermediate calculations. Round your answers to the nearest whole number) Company Average Collection Period Market days Supply days Required A Required c> The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Supply, Inc. Accounts receivable $ 59,800 $ 76,600 Allowance for doubtful accounts 2,848 2,756 Sales revenue 626,960 877,100 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 What is the average days to collect the receivables? (Use 365 days in a year. Do not round Intermediate calculations. Round your answers to the nearest whole number) Company Average Collection Period Market days Supply days Required A Required c> The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. $ 59,800 2,848 626,960 Supply, Inc. $ 76,680 2,756 877,190 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 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) Company Estimated Percentage of Uncollectible Account 94 Market Supply
