Lowrate Communications is in the cellular telephone industry. The following selected information has been compiled for the company (in thousands of dollars):

Required 

a. In each of the three years presented, what percentage of the company’s total accounts receivable was expected to be uncollectible? 

b. In each of the three years presented, what were credit losses as a percentage of the company’s sales revenue? 

c. Did Lowrate’s collection of accounts receivable improve or deteriorate over this three-year period?
d. What was Lowrate’s average collection period for 2024? Has it improved over the prior year?

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Accounts receivable (net) Allowance for expected credit losses Accounts written off Credit losses Sales revenue (all on account) 2024 $1,469.8 128.9 305.4 312.4 12,661.8 2023 $ 1,230.6 121.9 267.6 271.5 11,367.8 2022 $1,044.8 118.0 296.8 267.0 10,420.0