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Analyzing Accounts Receivable The following information is taken from the annual report of The Lincoln...

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Analyzing Accounts Receivable The following information is taken from the annual report of The Lincoln Electric Company. Balance Sheet 2014 2015 Accounts receivable, net of the allowance for uncollectible accounts of $2.460 and $2.700, respectively 579,500 575,390 a. Calculate the ratio of the allowance for uncollectible accounts divided by gross accounts receivable for 2014 and 2015. Round your answer to one decimal place. 2014 2015 09 b. Did this ratio increase from 2014 to 2015? Yes Check Save Answers

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