What amount do customers owe Grainger at each of the year-ends 2013 through 2015?b. What percentage of its total accounts receivable does Grainger deem uncollectible? (Hint: percent-

age of uncollectible accounts 5 allowance for uncollectible accounts/gross accounts receivable)

c. What amount of bad debts expense did Grainger report in its income statement for each of the years

2013 through 2015?

d. Explain the change in the balance of the allowance for uncollectible accounts since 2013. Specifi-

cally, did the allowance increase or decrease as a percentage of gross accounts receivable, and why?

f. Overall, what is your assessment of Grainger's allowance for uncollectible accounts and the related bad debts expense

P5053. InterpretinaAccoums Receivable and Related Feature Disclosure Followingis the cutrent asset secticncsnthe \"KW. Grainacr lnc.balance sheet. As of December 31 (S 0003) 2015 2014 201 3 Cash and cash equivalents _____________________ $290,136 $226,644 $ 430,644 Accomes receivable {less aowances for doubtful accomle of $22,288, $22,121 and $20,096, respectively) ............................... 1,209,641 1,172,924 1,101 ,656 Inventoriesnet .............................. 1 ,41 4,17? 1 356,396 1 305,520 Prepaid expanses and outer assets ............... 35,670 102,669 115,331 Deferred income taxes ......................... 0 61 ,387 75,319 Prepaid 'I'lccrne taxes. ......................... 49,013 4?,529 15,315 Total current assets .......................... $3,043,642 $2,967,549 $3,044,235 Grange: reports the following foomote relating to its receivables. NIowrceforDollllfllAmmls Thefolovdngtablestmsmeacvitymmedlm for mm mm. For Years Ended December 31 {3 0005] 2015 2014 2013 Balance at beginning of period ................. 322,121 $20,093 $19,449 Provision for uncollectible accounts ............. 10,131 12,945 3,355 Write-Gil of unolleCtille econ-115, net of recoveries . . (10,495) (9,623) (7,942} Business acquisitions, foreign dummy and omer . . . 431 (1 ,292) (263) Balance at end oi period ...................... $22,233 $22,121 $20,096 Required at. What amount do customers owe Eulogy a1 eachof die year-ends 2013 through 2015? b. What percentage of its total accounts receivable does Grainge: deem Imccilecn'ble? (Hint: percent- age of uncollectible accoamts = allowance for nocollecnble accountsigtoss accmlnts receivable) c. Whataoaountcfbaddehtsexpense didGraingerrepcrtinitsinconle statementfoseacbofdle years solsenwghmm d. Explaindlecbangeindlebalanceoflheanowanceforunccllecdble accounts since2013,Speci- sally, did the allowance increase or decrease as apetcentage of goes accounts receivable, andwhy'? f. Overall, what is your assessment of Grainger's allowance foruncollectible accounts anddle related bad debts expense