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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 $ 6
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?The following information is avallable for Market, incorporated and Supply, Incorporated at December
Required:
a What is the accounts recelvable 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 Required
What is the accounts receivable turnover for each of the companies?
Note: Round your answers to decimal place.
The following information is available for Market. Incorporated and Supply, Incorporated at December
Required:
a What is the accounts recelvable turnover for each of the companies?
b What is the average days to collect the receivables?
c Assuming both companies use the percent of recelvables 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 Required
What is the average days to collect the recelvables?
Note: Use days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number.
The following information is available for Market, incorporated and Supply, Incorporated at December :
Required:
a What is the accounts receivable turnover for each of the companies?
b What is the average days to collect the recelvables?
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
Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncoliectible
accounts for each company?
Note: Round your percentage answers to ncarest whole number:
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