Analysis of Accounts Receivable and Allowance for Doubtful Accounts FSET
Steelcase, Inc., reported the following amounts in its and K reports years ended February and February
a Report the writeoff of accounts receivable as uncollectible in and the provision for doubtful accounts bad debt expense for using the financial statement effects template.
Note: Use a negative sign with your answers, when appropriate.
b Calculate Steelcase's gross receivables for the years given, and then determine the allowance for doubtful accounts as a percentage of the gross receivables.
Note: Round Allowance as a of gross receivables answers to two decimal places.
c Calculate Steelcase's accounts receivable turnover for Use Accounts receivable, net for the calculation.
Note: Round answer to two decimal places.
times.
d How much cash did Steelcase receive from customers in $
