subject: financial statement analysis ( Act 450)

QUESTION 3) (20 pts) Three years data extracted from Company A's financial reports is given below. As an analyst do you think that allowances for 2020 is sufficient? Note: To defend you answer you need to make some calculations (10 pts) and to comment on your findings in a min. of 30 words (10 pts). (Show the calculation otherwise you will not gain any points - Use at least two digits after the decimal points). Sales Revenue 2018 150,000 60,000 6,000 2019 120,000 48,000 4,800 2020 180,000 72,000 7,200 Accounts Receivable Allowance for Doubtful Accounts