omework Saved Helps Exercise 7-16A Accounts receivable turnover and average days to collect accounts receivable LO 7-7 The following information is available for Market, Inc and Supply, Inc. at December 31 Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc $ 59,200 2.748 646,960 Supply, Inc. $ 77,200 2,856 877,100 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? 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 accounts for each company? Complete this question by entering your answers in the tabs below. Book Required A Required B Required int Print What is the accounts receivable turnover for each of the companies (Round your answers to 1 decimal place.) Company Accounts Receivable Turnover times Supply times Market Roque Required 8 > 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 uncoln accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required Required What is the average days to collect the receivables? (Use 365 days in a year. Do not round Intermediate calculations, Round your answers to the nearest whole number.) Company Average Collection Period Market days Supply days 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 un accounts for each company? Complete this question by entering your answers in the tabs below. Required A Required B Required Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whole number.) Estimated Company Percentage of Uncollectible Accounts Market % Supply %