The following information is taken from the annual report of The Lincoln Electric Company. Balance Sheet...
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The following information is taken from the annual report of The Lincoln Electric Company. Balance Sheet Year 1 Year 2 Accounts receivable, net of the allowance for uncollectible accounts of $3,860 and $3,100, respectively $79,500 $75,390 a. Calculate the ratio of the allowance for uncollectible accounts divided by gross accounts receivable for Year 1 and Year 2. Round your answer to one decimal place. Year 1 Year 2 % % The following information is taken from the annual report of The Lincoln Electric Company. Balance Sheet Year 1 Year 2 Accounts receivable, net of the allowance for uncollectible accounts of $3,860 and $3,100, respectively $79,500 $75,390 a. Calculate the ratio of the allowance for uncollectible accounts divided by gross accounts receivable for Year 1 and Year 2. Round your answer to one decimal place. Year 1 Year 2 % %
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Solution Year 1 Year 1 Answer 31 36 Working Year 1 Year 2 A Net ... View the full answer
Related Book For
Fundamental Accounting Principles
ISBN: 978-0078110870
20th Edition
Authors: John J. Wild, Ken W. Shaw, Barbara Chiappetta
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