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Chapter 8 Connect Assignment Office W Yahoo Mail - Kon, Bill - Ou... D2 Homepage Saved 3 E8-13 (Algo) Using Financial Statement Disclosures to Infer Write-Offs and Bad Debt Expense and to Calculate the Receivables Turnover Ratio [LO8-2, LO8-4] 8 points eBook Print References Microsoft Corporation develops, produces, and markets a wide range of computer software, Including the Windows operating system. Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions) Accounts Receivable, Net of Allowances of $325 and $214 Net Revenues June 30, 2022 June 30, $ 29,543 107,052 2021 $21,434 83,684 According to its annual report, Microsoft recorded Bad Debt Expense of $237 million and did not recover any previously written off accounts during the year ended June 30, 2022. Required: 1. What amount of accounts receivable was written off during the year that ended June 30, 2022? Note: Enter your answer in millions - therefore no need to add the zeros as your numbers are already in millions. Accounts receivable written off 2. What was Microsoft's receivables turnover ratio (to one decimal place) in the current year? Note: Round your answer to 1 decimal place. Receivables turnover ratio times 3. This part of the question is not part of your Connect assignment.