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The following information is available for Market, Incorporated and Supply, Incorporated at December 31. Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Required
The following information is available for Market, Incorporated and Supply, Incorporated at December 31. Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Required Market, Incorporated Supply, Incorporated $58,600 $77,800 2,248 616,960 2,656 867,100 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.) Company Accounts Receivable Turnover Market Supply times times < Required A Required B >
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