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Exercise 2 Interpreting the Accounts Receivable Footnote Hewlett-Packard Company reports the following in its 2015...

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Exercise 2 Interpreting the Accounts Receivable Footnote Hewlett-Packard Company reports the following in its 2015 10-K report. October 31 ($ millions) 2015 2014 Accounts receivable........ .......... $13,363 $13,832 Footnotes to the company's 10-K provide the following additional information relating to its allowance for doubtful accounts. For the Fiscal Years Ended October 31 ($ millions) 2015 2014 2013 Allowance for doubtful accounts-accounts receivable Balance, beginning of period ......... $232 $332 Provision for doubtful accounts ....... 46 25 23 Deductions, net of recoveries.... (89) (125) (155) Balance, end of period........ $189 $232 $332 $464 Required: a. What is the gross amount of accounts receivables for Hewlett-Packard in fiscal 2015 and 2014? b. What is the percentage of the allowance for doubtful accounts to gross accounts receivable for 2015 and 2014

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