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Exercise 7-16A (Static) Accounts receivable turnover and average days to collect accounts receivable LO 7.7 The following information is avallable for Market, Incorporated and Supply, incorporated at December 31: Required: a. What is the accounts receivable turnover for each of the companies? b. What is the average days to collect the recelvables? c. Assuming both companies use the percent of recelvabies allowance method, what is the estimoted percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. What is the average days to collect the receivabies? Note: Use 365 days in a vear. Do not round intermediate cakulations, Pound your answers to the nearest whole number. The following information is avallable for Market, Incorporated and Supply, Incorporated at December 3t: Required: a. What is the accounts receivable turnover for each of the companies? b. What is the average doys to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. Assuming both companies use the percent of recelvables allowance method, what is the estimated percentage of uncollectible occounts for each company? Note: Hound your percentage answers to nearest whole number. Exercise 7-16A (Static) Accounts receivable turnover and average days to collect accounts receivable LO 7.7 The following information is avalable for Market, Incorporated and Supply, Incorporated at December 31: Required: a. What is the accounts recelvable turnover for each of the companies? b. What is the average days to collect the receivables? c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? Complete this question by entering your answers in the tabs below. What is the accounts receivable turnover for each of the companies? Note: Round your answers to 1 decimal place

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