WorldBiz operates divisions around the world. Its European division-EuroBiz (EB)-has recently reported the following information to you at WorldBiz's head office. You are trying to decide whether to direct your internal audit staff to investigate more closely. Required: 1-a. For each of the years, calculate the proportion of gross accounts receivable estimated to be uncollectible as allowed for in the Allowance for Doubtful Accounts 1-b. Which year does not align with the other two? . 2-a. For each of the years, calculate the proportion of Net Sales Revenue that Bad Debt Expense represents. 2-b. Which year does not align with the other two? 3-a. Did customers take greater (or lesser) advantage of sales discounts in Year 5 than in Year 4 and Year 3? 3-b. Does this indicate customers were more (or less) likely to promptly pay their bolances in Year 5 as compared to prior years? 4-a. Colculate the average days to collect in Year 5 and Year 4. 4-b. Does this measure indicate customers paid their bolances foster (or slower) in Year 5 as compared to Yeor 4 ? 5. Indicate (yes or no) whether you should direct your internal audit staff to investigote EB's receivables management practices more closely. Answer is not complete. Complete this question by entering your answers in the tabs below. Calculate the average days to collect in Year 5 and Year 4. (Use 365 days in a year. Round your intermediate calculations to 1. decimal place.) \begin{tabular}{lrrr} From the Financial Statement Notes & Year 5 & Year 4 & Year 3 \\ Accounts Receivable (gross) & $125,000 & $67,000 & $47,000 \\ Allowance for Doubtful Accounts & (5,00) & (6,700) & (4,700) \\ Accounts Receivable, Net & 120,000 & 60,300 & 42,300 \\ \hline \end{tabular} OtherInformationGatheredNetSalesRevenueAccountsReceivableWrite-offsBadDebtExpenseSalesDiscounts(2/10,n/30)Year5$775,0007,6007,7503,700Year4$650,0006,80010,4009790Year3$560,0006,8008,9605