Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating...
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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). June 30, 2019 June 30, 2018 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues $29,520 125,840 $26,480 110,360 According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times < Req 1 to 2 Req 3 > Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? OImproved Deteriorated < Req 1 to 2 Req 3 > 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). June 30, 2019 June 30, 2018 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues $29,520 125,840 $26,480 110,360 According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times < Req 1 to 2 Req 3 > Complete this question by entering your answers in the tabs below. Req 1 to 2 Req 3 Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? OImproved Deteriorated < Req 1 to 2 Req 3 >
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Fundamentals of Financial Accounting
ISBN: 978-0078025914
5th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
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