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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 31:
Accounts Market, Incorporated Supply, Incorporated
Accounts receivable $ 57,400 $ 76,600
Allowance for doubtful accounts 3,0482,556
Sales revenue 636,960897,100
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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