Question
The XYZ Corporation owns and operates casinos. As of a recent year, The XYZ Corporation reported accounts receivable of $674,000 and allowance for doubtful accounts
The XYZ Corporation owns and operates casinos. As of a recent year, The XYZ Corporation reported accounts receivable of $674,000 and allowance for doubtful accounts of $130,082. Patient Care manufactures and sells a wide range of health care products. As of a recent year, Patient Care reported accounts receivable of $853,000 and allowance for doubtful accounts of $24,737. Round your answers to one decimal place. a. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for The XYZ Corporation. fill in the blank 1 % b. Compute the percentage of the allowance for doubtful accounts to the accounts receivable for Patient Care.
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