Question: please compute the common-size bad debt expense Use Additional Information from 10-K to explain Linkages Among Financial Statements Community Health Systems operates general acute care

Use Additional Information from 10-K to explain Linkages Among Financial Statements Community Health Systems operates general acute care hospitals in communities across the United States. The company reports the following informatio SCHEDULE IIVALUATION AND QUALIFYING ACCOUNTS Balance at Acquisitions Bad Balance Beginning and Debt Write at End Smillions of Year Dispositions Expense Offs of Year December 31, 2017 allowance for doubtful accounts $3.735 521) 33,023 $12.907) 33,830 December 31, 2016, allowance for doubtful accounts 4069 361) 2.821 (2.793) 3.736 December 31, 2015, allowance for doubtful accounts 3.469 (17) 3,136 (2,520) 4068 Accounts receivable represents the amount customers owe Community Health Systems for services rendered. The balance in the allowance for doubtful ace that customers will not repay. Community Health Systems' balance sheet and income statement reported the following Smillions 2017 2016 2015 Revenue $18.398 521275522.564 Operating income foss) before ta (1,859) (851) Total assets 17450 21.044 26,861 1324 c. 1. Compute the common-size bad debt expense for each year. Note: Round percentage to one decimal point (for example, round 18.566% to 18.6%). 2017 2016 2015 Common size allowance 21.9% x 17% X 15.1 % %
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
