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The year-end financial statements of Prize Inc. include the accounts receivable footnote: Total accounts and other receivables at December 31 consisted of the following: (in
The year-end financial statements of Prize Inc. include the accounts receivable footnote: Total accounts and other receivables at December 31 consisted of the following: (in millions) Year 2 Year 1 Total accounts and other receivables $493.8 $529.5 Allowance for doubtful accounts (7.0) (9.3) Total accounts and other receivables, net $486.8 $520.2 The balance sheet reports total assets of $2,984.1 million at December 31, Year 2. The common-size amount for gross accounts and other receivables are: Select one: a. $493.8 b. None of these are correct. c. $486.8 d. 16.5% e. 16.3%
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