The following information is available for Bradford Inc. and Windsor Inc. at December 31, 2017: Required a.
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Required
a. What is the accounts receivable turnover for each of the companies for 2017?
b. What are the average days to collect the receivables for 2017?
c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company?
Transcribed Image Text:
Accounts Bradford Accounts Receivable Allowance for Doubtful Accounts Sales Revenue $ 92,500 3,250 716,500 Windsor 220,200 1,978,200 8,100
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a Accounts Receivable Turnover Calculate net accounts receivables Bradford 92500 3250 89250 ...View the full answer
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Related Book For
Fundamental Financial Accounting Concepts
ISBN: 978-0078025907
9th edition
Authors: Thomas Edmonds, Christopher Edmonds
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