Question: Using the following select financial statement information from Black Water Industries, compute the number of days' sales in receivables ratios for 2018 and 2019 (round

Using the following select financial statement information from Black Water Industries, compute the number of days' sales in receivables ratios for 2018 and 2019 (round answers to two decimal places). What do the outcomes tell a potential investor about Black Water Industries?

Blackwater Industries

Year Net credit Sales Ending Accts. Receivable

2017 685,430 330,250

2018 700,290 360,450

2019 768,500 401,650

Determine the estimated uncollectible bad debt from Envelope Experts using the balance sheet aging of receivables method and record the year-end adjusting journal entry for bad debt.

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