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The following information is available for Market, Incorporated and Supply, Incorporated at December 3 1 : Accounts Market, Incorporated Supply, Incorporated Accounts receivable $ 5
The following information is available for Market, Incorporated and Supply, Incorporated at December :
Accounts Market, Incorporated Supply, Incorporated
Accounts receivable $ $
Allowance for doubtful accounts
Sales revenue
Required:
What is the accounts receivable turnover for each of the companies?
What is the average days to collect the receivables?
Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company?
Market Average collection period days
Supply average collection period days
Market estimated percentage of uncollectible accounts
Supply estimated percentage of uncollectible accounts
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