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The following information is available for Market, Incorporated and Supply, Incorporated at December 31: Required: a. What is the accounts receivable turnover for each of
The following information is available for Market, Incorporated and Supply, Incorporated at December 31: 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 percentag accounts for each company? Complete this question by entering your answers in the tabs below. What is the accounts receivable turnover for each of the companies? Note: Round your answers to 1 decimal place. Ine following information is available for Market, incorporated and Supply, Incorporated at December 31 : 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 uncolled accounts for each company? Complete this question by entering your answers in the tabs below. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Note: Round your percentage answers to nearest whole number. The following information is available for Market, Incorporated and Supply, Incorporated at December 31: 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 percent. accounts for each company? Complete this question by entering your answers in the tabs below. What is the average days to collect the receivables? Note: Use 365 days in a year. Do not round intermediate calculations, Round your answers to the nearest whole ns
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