The following information is taken from the annual report of The Lincoln Electric Company. Balance Sheet Year 1 Year 2 Accounts receivable, net of the allowance for uncollectible accounts of $3,860 and $3,100, respectively $79,500 $75,390 a. Calculate the ratio of the allowance for uncollectible accounts divided by gross accounts receivable for Year 1 and Year 2. Round your answer to one decimal place. Year 1 Year 2 % %