The following information is available for Market, Inc. and Supply, Inc. at December 31:

Accounts	Market, Inc.				Supply, Inc.
Accounts receivable		$	56,800			$	77,800
Allowance for doubtful accounts			2,448				2,356
Sales revenue			616,960				887,100

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?

Required A Required B Required C What is the accounts receivable turnover for each of the companies? (Round your answers to 1 decimal place.) Company Market Supply Accounts Receivable Turnover 11.4 times 11.8 times Complete this question by entering your answers in the tabs below. Required A Required B Required C . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . . 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 Market Average Collection Period 32 days 31 days Supply Complete this question by entering your answers in the tabs below. Required A Required B Required 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.).. Company Estimated Percentage of Uncollectible Accounts 41% - 3 % Market Supply