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[The following information applies to the questions displayed below] On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Provide servicen to euetoners for eash, $41,100. January 6 Frovide Bervices to cuatoners on aceount, $78,400. Jansary is Write off accoonts receivable as uncollectible, 51,600. (Assuee the cospany ases the allevance nothod) Yahuary 20 Pay eash for malarien, 332,600 . Janoary 22 recelve cash on aceounts recelvable, $76,000. 2anuary 25- Pay cash on accounta payable, $6,100. Janusry 30 Pay eash for otilitien during Jasoary, 514, 300. 7. Analyze how well 30 Family Fireworks manages its recejvables: a-1. Calculote the receivabies turnover ratio for the month of January. (Hint. For the numerator, use total services provided to customers on account.) (Round your final answer to 1 decimal place.) a-2. If the industry average of the receivables turnover ratios for the month of January is 4.5 times, is the company coliecting cash from customers more or less etficiently than other companios in the same industry? b-1. Calculate the ratio of Allowance for Uncollectble Accounts to Accounts Recelvable at the end of January. (Round percentage to 1 decimal place.) b.2. Based on a comporison of this ratio to the same ratio at the beginning of January, does the company expect an whprovement or worsening in cash collections from customers on credit soles? January 20 pay eash for aalatien, 532,000. January 22 seceive eash on accounte recelvable, 576,000 . Janaary 25 Day cash on accounts payable, $6,100. January 30 pay eash for utilties during January, $14,300. 7. Analyze how weil 3D Family Fireworks manages its recelvables: a-1. Calculate the recelvables turnover ratio for the month of January. (Hint: For the numerator, use total services provided to customers on account.) (Round your final answer to 1 decimal place.) a.2. If the industry average of the recelvables turnover fatios for the month of January is 4.5 times. is the company collecting cash from. customers more or less efficiently than other componies in the same industry? b.1. Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Recelvable at the end of January. (Round percentage to 1 decimal piece.) b-2. Based on a comparison of this ratio to the same rotio at the beginning of January, does the company expect an improvemenf or: worsening in cosh collections from customers on credit sales? [The following information applies to the questions displayed below] On January 1, 2024, the general ledger of 3D Family Fireworks includes the following account balances: During January 2024, the following transactions occur: January 2 Provide servicen to euetoners for eash, $41,100. January 6 Frovide Bervices to cuatoners on aceount, $78,400. Jansary is Write off accoonts receivable as uncollectible, 51,600. (Assuee the cospany ases the allevance nothod) Yahuary 20 Pay eash for malarien, 332,600 . Janoary 22 recelve cash on aceounts recelvable, $76,000. 2anuary 25- Pay cash on accounta payable, $6,100. Janusry 30 Pay eash for otilitien during Jasoary, 514, 300. 7. Analyze how well 30 Family Fireworks manages its recejvables: a-1. Calculote the receivabies turnover ratio for the month of January. (Hint. For the numerator, use total services provided to customers on account.) (Round your final answer to 1 decimal place.) a-2. If the industry average of the receivables turnover ratios for the month of January is 4.5 times, is the company coliecting cash from customers more or less etficiently than other companios in the same industry? b-1. Calculate the ratio of Allowance for Uncollectble Accounts to Accounts Recelvable at the end of January. (Round percentage to 1 decimal place.) b.2. Based on a comporison of this ratio to the same ratio at the beginning of January, does the company expect an whprovement or worsening in cash collections from customers on credit soles? January 20 pay eash for aalatien, 532,000. January 22 seceive eash on accounte recelvable, 576,000 . Janaary 25 Day cash on accounts payable, $6,100. January 30 pay eash for utilties during January, $14,300. 7. Analyze how weil 3D Family Fireworks manages its recelvables: a-1. Calculate the recelvables turnover ratio for the month of January. (Hint: For the numerator, use total services provided to customers on account.) (Round your final answer to 1 decimal place.) a.2. If the industry average of the recelvables turnover fatios for the month of January is 4.5 times. is the company collecting cash from. customers more or less efficiently than other componies in the same industry? b.1. Calculate the ratio of Allowance for Uncollectible Accounts to Accounts Recelvable at the end of January. (Round percentage to 1 decimal piece.) b-2. Based on a comparison of this ratio to the same rotio at the beginning of January, does the company expect an improvemenf or: worsening in cosh collections from customers on credit sales

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