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The following information is available for Market, Inc. and Supply, Inc. at December 31 Market, Inc. Supply, Inc. Accounts Accounts receivable Allowance for doubtful accounts
The following information is available for Market, Inc. and Supply, Inc. at December 31 Market, Inc. Supply, Inc. Accounts Accounts receivable Allowance for doubtful accounts Sales revenue $ 57,400 2,848 646,960 $ 78,400 2,356 877,100 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 1 decimal place.) Accounts Receivable Turnover Company Market Supply times times Required A Required B>
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