The following information is available for Market, Incorporated and Supply, Incorporated at December 31. ...
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Accounting
The following information is available for Market, Incorporated and Supply, Incorporated at December Accounts Market, Incorporated Supply, Incorporated Accounts receivable $ $ Allowance for doubtful accounts Sales revenue Required What is the accounts receivable turnover for each of the companies? What is the average days to collect the receivables? Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company?
The following information is available for Market, Incorporated and Supply, Incorporated at December
Accounts Market, Incorporated Supply, Incorporated
Accounts receivable $ $
Allowance for doubtful accounts
Sales revenue
Required
What is the accounts receivable turnover for each of the companies?
What is the average days to collect the receivables?
Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company?
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