Question: CT 7-2: (Static) Missing information [The following information applies to the questions displayed below.] The following selected financial information is available for three companies: CT

 CT 7-2: (Static) Missing information [The following information applies to the

questions displayed below.] The following selected financial information is available for three

companies: CT 7-2: (Static) Part D Required Determine the accounts receivable turnover

for each company in Year 2. Note: Round your answers to 2

CT 7-2: (Static) Missing information [The following information applies to the questions displayed below.] The following selected financial information is available for three companies: CT 7-2: (Static) Part D Required Determine the accounts receivable turnover for each company in Year 2. Note: Round your answers to 2 decimal places. \begin{tabular}{|l|c|l|l|} \hline Expo - Percent of accounts receivable estimated to be uncollectible & \multicolumn{2}{|c|}{ Year 2} \\ \hline White - Percent of accounts receivable estimated to be uncollectible & & % \\ \hline Zina - Percent of accounts receivable estimated to be uncollectible & % & % \\ \hline \end{tabular} \begin{tabular}{|c|c|c|c|c|} \hline & \multicolumn{2}{|c|}{ Expo } & White & \multirow[t]{2}{*}{ Zina } \\ \hline Total sales & $ & 125,000 & 210,000 & \\ \hline Cash sales & & & 26,000 & 120,000 \\ \hline Sales on account & & 40,000 & & 75,000 \\ \hline Accounts receivable, 1/1/Year 2 & & 6,200 & 42,000 & \\ \hline Accounts receivable, 12/31/Year 2 & & 5,600 & 48,000 & 7,500 \\ \hline Allowance for doubtful accounts, 1/1/Year 2 & & & & 405 \\ \hline Allowance for doubtful accounts, 12/31/Year 2 & & 224 & 1,680 & \\ \hline Uncollectible accounts expense, Year 2 & & 242 & 1,200 & 395 \\ \hline Uncollectible accounts written off, Year 2 & & 204 & 1,360 & 365 \\ \hline Collections of accounts receivable, Year 2 & & & & 75,235 \\ \hline \end{tabular} \begin{tabular}{|l|c|} \hline & \multicolumn{2}{|c|}{ Year 2} \\ \hline Expo - The percentage of total sales that are sales on account & % \\ \hline White - The percentage of total sales that are sales on account & % \\ \hline Zina - The percentage of total sales that are sales on account & % \\ \hline \end{tabular}

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