Exercise $7-16$A $($Algo$)$ Accounts receivable turnover and average days to collect accounts receivable LO

The following information is available for Market, Incorporated and Supply, Incorporated at December $31$:

Required:

a$.$ What is the accounts 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

accounts for each company?

Complete this question by entering your answers in the tabs below.

Required B

What is the accounts recelvable turnover for each of the companles?

Note: Round your answers to $1$ decimal place.

a$.$ What is the accounts 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

accounts for each company?

Complete this question by entering your answers in the tabs below.

Required A Required B Required C

What is the average days to collect the receivables?

Note: Use $365$ days in a year. Do not round intermediate calculations. Round your answers to the nea

I$-$I

The following information is available for Market, Incorporated and Supply, Incorporated at December $31$:

Required:

a$.$ What is the accounts 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 unc

accounts for each company?

Complete this question by entering your answers in the tabs below.

Required $A,$ Required $B$ Required $C$

Assuming both companies use the percent of recelvables allowance method, what is the estimated percentage of uncollectible

accounts for each company?

Note: Round your percentage answers to nearest whole number: