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Walker Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Walker reported the following information about Net
Walker Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Walker reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). Accounts Receivable, Net of Allowance for Doubtful Accounts of $310 and $360 Net Revenues June 30, 2019 June 30, 2018 $ 16,950 68,000 15,700 62,000 According to its Form 10-K, Walker recorded Bad Debt Expense of $22 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1&2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Walker receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 4.4? Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Walker receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times
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