Question
The Notes include the following: The following table summarizes the activity in the allowance for doubtful accounts: (millions) 2020 2019 2018 Beginning balance $55.5 $52.4
The Notes include the following:
The following table summarizes the activity in the allowance for doubtful accounts:
| (millions) |
| 2020 |
| 2019 |
| 2018 | |||||
| Beginning balance |
|
| $55.5 |
|
|
| $52.4 |
|
|
| $64.8 |
| Bad debt expense (a) |
|
| 62.0 |
|
|
| 21.5 |
|
|
| 13.7 |
| Write-offs |
|
| (33.2) |
|
|
| (18.4) |
|
| (26.1) | |
| Ending balance |
|
| $84.3 |
|
|
| $55.5 |
|
|
| $52.4 |
How much do customers actually owe Ecolab?
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Fundamentals of Corporate Finance
Authors: Berk, DeMarzo, Harford
2nd edition
978-0132148238
