Question: The following information is available for Adele Inc. and Chinstrap Inc. at December 31, 2013: Required a. What is the accounts receivable turnover for each

The following information is available for Adele Inc. and Chinstrap Inc. at December 31, 2013:

Required
a. What is the accounts receivable turnover for each of the companies for 2013?
b. What is the average days to collect the receivables for 2013?
c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for eachcompany?

Accounts Adele $ 987,500 10,450,300 Chinstrap Accounts Receivable Allowance for Doubtful Accounts Sales Revenue S 675,100 12,150 4,725,700 19,750

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a Accounts Receivable Turnover Calculate net accounts receivables Adele 987500 19750 967750 Chins... View full answer

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