The following information is available for Bergstrom Inc. and Sineann Inc. at December 31, 2016: Required a.
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a. What is the accounts receivable turnover for each of the companies for 2016?
b. What are the average days to collect the receivables for 2016?
c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company?
Transcribed Image Text:
Accounts Bergstrom Sineann Accounts Receivable Allowance for Doubtful Accounts Sales Revenue 15,800 8,360,200 790,000 540,100 9,700 3,780,600
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a Accounts Receivable Turnover Calculate net accounts receivables Bergstrom 790000 15800 774200 ...View the full answer
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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