Question: Please make sure answer is visable. 80,000 Megasoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Megasoft

80,000 Megasoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Megasoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions) Accounts Receivable, Net of Allowance for Doubtful June 30, 2019 June 30, 2018 Accounts of $360 and $410 $ 17,950 $ 16,300 Net Revenues 76,000 According to its Form 10-K, Megasoft recorded Bad Debt Expense of $6 and did not recover any previously written-off accounts during the year ended June 30, 2019, Required: 182. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Megasoft 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 4.9? onces Complete this question by entering your answers in the tabs below. Req 1 to 2 Req3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Megasolt receivables turnover ratio in 20197 (Enter your answer in millions. Round your answer to 1 decimal place) 1. Accounts Receivable Written- million 2. Receivables Tumlover Ratio imes Rega > Complete this question by entering your answers in the tabs below. Req 1 to 2 Rifa 3 05 Does your answer in requirement 2 suggest the collectibility of Accounts Receivable Improved (or deteriorated) in 2019, relative to 2018 when the turnover was 4.97 improved Deteriorated
Step by Step Solution
There are 3 Steps involved in it
Get step-by-step solutions from verified subject matter experts
