Use the Topps Company’s annual report to answer the following questions.

a. How long did it take Topps to collect accounts receivable during the year ended March 1, 2003?

b. Approximately what percentage of accounts receivable, as of March 1, 2003, does the company think will not be collected? Caution, “Reserve for returns,” also shown in Note 3, is not related to uncollectible accounts receivable.

c. What do you think the balance in the Reserve for Returns account represents?