Follow your instructor’s guidelines for choosing a company, and do the following: 

a. Prepare an analysis of the company’s cash (and cash equivalents, if applicable), gross accounts receivable, and allowance for expected credit losses by doing the following: 

i. List the beginning and ending balances in these accounts.
ii. Calculate the net change, in both dollar and percentage terms, for the most recent year. 

b. If any of the accounts in part (a) has changed by more than 10%, suggest an explanation for this change. 

c. Calculate the following ratios for the most recent two years, and then comment on both their reasonableness and any significant changes in them: 

i. Current ratio 

ii. Quick ratio

iii. Allowance for expected credit losses divided by gross accounts receivable 

iv. Accounts receivable turnover rate and average collection period (in days)