Accounts Receivable Collect the following amounts (from the notes and/or financial stateme likely need to...
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Accounting
Accounts Receivable Collect the following amounts (from the notes and/or financial stateme likely need to look at the previous year's annual report to get values tor ). You will most ago ents 2 yrs ago Item Current year Previous year Net Cash Value of Accounts Receivable Allowance for Doubtful Accounts Gross Accounts Receivable ar? Wh at is the percent of uncollectible accounts receivable for the current and previous ye Allowance for Doubtful Accounts Gross Accounts Receivable % Uncollectible Current Year Previous year Receivables turnover ratio What does the receivables turnover ratio tells us? Comp ute the receivables turnover ratio for the current year and for the previous year. Receivables Turnover Credit Sales* Average Receivables *if credit sales are not available, then use total sales Current Year Previous year times times How did the receivable turnover change from the previous year to the current year? What does this tell you
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