Question: E8-13 Using Financial Statement Disclosures to Infer Write-Offs and Bad Debt Expense and to Calculate the Receivables Turnover Ratio [LO8-2, LO8-4] Microsoft Corporation develops, produces,

 E8-13 Using Financial Statement Disclosures to Infer Write-Offs and Bad Debt

E8-13 Using Financial Statement Disclosures to Infer Write-Offs and Bad Debt Expense and to Calculate the Receivables Turnover Ratio [LO8-2, LO8-4] Microsoft Corporation develops, produces, and markets a wide range of computer software, including the Windows operating system. Assume Microsoft reported the following information about Net Sales Revenue and Accounts Recelvable (in millions). Assume that, according to its annual report, Microsoft recorded Bad Debt Expense of $138 million and did not recover any previously written off accounts during the year ended June 30,2020. Required: 1. What amount of accounts receivable was written off during the year that ended June 30, 2020? (Enter your answer in millions - no need to add the 6 zeros as your numbers are already in millions.) 2. What was Microsoft's receivables turnover ratio in the current year? (Round your answer to 1 decimal place.)

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