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Exercise 7-16A (Algo) Accounts receivable turnover and average days to collect accounts receivable LO 7.7 The following information is available for Market, Incorporated and. Supply, Incorporated at December 31. Required a. What is the accounts recelvable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each compony? Complete this question by entering vour answers in the tabs below. What is the accounts receivable turnover for each of the companles? (Round your answers to 1 decimal pace.) Exercise 7-16A (Algo) Accounts receivable turnover and average days to collect accounts receivable LO 7.7 The following information is available for Market, Incorporated and Supply, Incorporated at December 31. Required a. Whot is the accounts recelvable tumover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. What is the average days to collechme recelvables? (Use 365 days in a yean Do not round intermediate calculations, Round your answers to the noarest whole number.) 0. What is the occounts receivable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible occounts for eoch compony? Complete this question by entering your answers in the tabs below. Assuming both companies use the percent of recelvables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whote number.)