Based on the following amounts (in millions) in Ice Box Company's consolidated balance sheets and income statements for 2020 and 2019 years

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Net sales Accounts receivable, net of allowances for doubtful accounts of $60 in 2020 and $90 in 2019 2020 18,200 1,980 2019 17,500 1,900 a. Calculate sales growth from 2019 to 2020. (Show your calculation like A/B-C or (A+B)/C=D etc.) [3 points] b. Calculate change in total accounts receivable from 2019 to 2020. (Show your calculation like A/B=C gr (A+B)/C=D etc.) [3 points] c. Calculate change in allowance for doubtful accounts from 2019 to 2020. And calculate allowance account, as a percentage of total receivables, (Show your calculation like A/B-C ot (A+B)/C=D etc) [3 points] d. Based on these growth rates you calculated in parts a, b and c, what can you say about the relation between the rate of change in sales, accounts receivable and the allowance for doubtful accounts? Is it consistent? Why.or why not? [3 points] Net sales Accounts receivable, net of allowances for doubtful accounts of $60 in 2020 and $90 in 2019 2020 18,200 1,980 2019 17,500 1,900 a. Calculate sales growth from 2019 to 2020. (Show your calculation like A/B-C or (A+B)/C=D etc.) [3 points] b. Calculate change in total accounts receivable from 2019 to 2020. (Show your calculation like A/B=C gr (A+B)/C=D etc.) [3 points] c. Calculate change in allowance for doubtful accounts from 2019 to 2020. And calculate allowance account, as a percentage of total receivables, (Show your calculation like A/B-C ot (A+B)/C=D etc) [3 points] d. Based on these growth rates you calculated in parts a, b and c, what can you say about the relation between the rate of change in sales, accounts receivable and the allowance for doubtful accounts? Is it consistent? Why.or why not? [3 points]

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a Sales growth from 2019 to 2020 182001750017500 343 b Change in total ... View the full answer