Assume the following current asset section was obtained from the W.W. Grainger, Inc., balance sheet....
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Assume the following current asset section was obtained from the W.W. Grainger, Inc., balance sheet. As of December 31 ($ 000s) 2016 2015 Cash and cash equivalents $544,894 $429,246 Accounts receivable (less allowances for doubtful accounts of $18,401 and $23,375 respectively) 518,625 480,893 Inventories 791,212 700,559 Prepaid expenses and other assets 54,334 47,086 Deferred income taxes 88.803 96,929 Total current assets $1.997,868 $1,754.713 Grainger reports the following footnote relating to its receivables. Allowance for Doubtful Accounts The following table shows the activity in the allowance for doubtful accounts. For Years Ended December 31 ($ 000s) Balance at beginning of period Provision for uncollectible accounts Write-off of uncollectible accounts, less recoveries Foreign currency exchange impact Balance at end of period 2016 2015 $23,375 $24736 1,326 5.159 (6,380) (6.662) 80: 142 $18,401 523.375 what percentage of its total accounts receivable does Grainger feel are uncollectible at December
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