Question: Answer the following questions using the financial statements for Rainmaker Entertainment Inc. that appear on MyAccountingLab. 1. Analyze the Accounts Receivable accounts at December 31,

Answer the following questions using the financial statements for Rainmaker Entertainment Inc. that appear on MyAccountingLab.
1. Analyze the Accounts Receivable accounts at December 31, 2011. What is the total receivable? What was the total receivable at December 31, 2010? List the types of receivables.
2. What are net Trade Receivables as a percent of Total Receivables for 2011? How does this compare to 2010?
3. Using only Trade Receivables, how many days' sales are in Accounts Receivable at December 31, 2011? How does this compare to the number of days' sales of the previous year? Discuss these results.

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Req 1 The Trade and other accounts receivable balance at December 31 2011 is 14543564 compare... View full answer

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