Analyzing the Allowance for Uncollectible Accounts
Following is the current asset section from the Mondelez balance sheet.

	Dec. 31,	Dec. 31,
$ millions	2018	2017
Cash and cash equivalents	$1,980	$1,370
Trade receivables*	4,072	4,844
Other receivables**	1,339	1,503
Inventories, net	4,666	4,603
Other current assets	1,631	1,217
Total current assets	$13,688	$13,537
Total assets	$112,912	$113,323

* (net of allowances of $72 at 2018 and $90 at 2017)
**(net of allowances of $85 at 2018 and $176 at 2017)

a. What is the common‑size trade receivables, net, at year‑end 2018?

i.	29.75%	Answer
ii.	15.94%	Answer
iii.	3.61%	Answer
iv.	3.54%	Answer

b. What do Mondelez’s customers owe the company at December 31, 2018 ($ millions)?

i.	$4,072	Answer
ii.	$4,144	Answer
iii.	$4,000	Answer
iv.	$5,411	Answer

c. What does Mondelez expect to collect from its customers as of December 31, 2017 ($ millions)?

i.	$4,844	Answer
ii.	$4,934	Answer
iii.	$4,754	Answer
iv.	$6,347	Answer

d. What is the GROSS Receivables at year‑end 2018 ($ millions)?

i.	$4,144	Answer
ii.	$5,568	Answer
iii.	$5,411	Answer
iv.	$5,339	Answer

e. What percentage of trade receivables does the company deem uncollectible as of year‑end 2018?

i.	1.77%	Answer
ii.	2.90%	Answer
iii.	1.49%	Answer

f. Based on the analysis above, in which year does the company have higher quality trade receivables?

i.	2018	Answer
ii.	2017	Answer