Using EDGAR $($Electronic Data Gathering, Analysis, and Retrieval system$),$ find the annual report $(10-$K$)$ for Avon Products for the year ended December $31,2019.$ Locate the "Consolidated Statement of Operations" $($income statement$)$ and "Consolidated Balance Sheets." You may also find the annual report at the company's website.

Required:

Answer the following questions related to the company's accounts receivable and bad debts:

What is the amount of net accounts receivable at the end of the year? What is the amount of total accounts receivable?

What is the amount of bad debt expense for the year? $($Hint: Check the statement of cash flows.$)$

$3$a$.$ Determine the amount of actual bad debt write$-$offs made during the year. Assume that all bad debts relate only to trade accounts receivable.

$3$b$.$ Did the company underestimate or overestimate bad debts?

$4$a$.$ Calculate the receivables turnover ratio and average collection period for the most recent year.

$4$b$.$ Assuming the industry averages for the receivables turnover ratio and average collection period are $10\mathrm{.}5$ times and $34\mathrm{.}8$ days, respectively, what do you conclude about the receivables of Avon?