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The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. $ 56,800 3,248 656,960 Supply, Inc. 5 77,200 2,956 927, 100 Required a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required C What is the accounts receivable turnover for each of the companies? (Round your answers to 1 decimal place.) Company Accounts Rocolvable Turnover Market Supply times times The following information is available for Market, Inc. and Supply, Inc. at December 31 Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. $ 56,800 3,248 656,960 Supply, Inc. $ 77,200 2.956 927. 100 Required a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required What is the average days to collect the receivables? (Use 365 days in a year. Do not round intermediate calculations. Round your answers to the nearest whole number.) Average Collection Company Period Market days Supply days Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. $ 56,800 3,248 656,960 Supply, Inc. $ 77,200 2,956 927, 100 Required a. What is the accounts receivable tumover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whole number) Estimated Company Percentage of Uncollectible Accounts Market % Supply %

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