Suppose Carat, Inc., reported net receivables of $2,584 million and $2,265 million at January 31, 2017, and

Question:

Suppose Carat, Inc., reported net receivables of $2,584 million and $2,265 million at January 31, 2017, and 2016, respectively, after subtracting allowances of $68 million and $65 million at these respective dates. Carat earned total revenue of $46,667 million (all on account) and recorded doubtful-account expense of $14 million for the year ended January 31, 2017.
Requirement
1. Use this information to measure the following amounts for the year ended January 31, 2017:
a. Write-offs of uncollectible receivables
b. Collections from customers