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ts The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Supply, Inc. Accounts receivable $ 58,600 $ 75,400 Allowance for doubtful accounts 2,548 2,756 Sales revenue 616,960 897,100 Required a. What is the accounts receivable 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required What is the average days to collect the receivables? (Use 365 days in a year. Do not round intermediate calculations Round your answers to the nearest whole number.) Average Company Collection Period Market 11x days Supply 31 days Check my work mode: This shows what is correct or incorrect for the work you have completed so far. It does not indicate con LACILISE TUM Miyu LLUIS Televavie Tuve an average way I LUHICLE OLLUITLS TELEIVOVIE 7-7 The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Accounts receivable Allowance for doubtful accounts Sales revenue Market, Inc. $ 58,600 2,548 616,968 Supply, Inc. $ 75,400 2,756 897, 100 Required a. What is the accounts receivable turnover for each of the comp es? 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required What is the accounts receivable tumover for each of the companies? (Round your answers to 1 decimal place.) Company Accounts Receivable Turnover 11.3 X times 11.8 times Market Supply BA Required 3 > or Incorrect for the work you have completed so far. It does not indicate compa 5 CACILISE - Ummy McCUUHLILEIVOVIC LIVE! an average way w LUIIELE OLLUTILS I CLEIVADIEL 7-7 ats The following information is available for Market, Inc. and Supply, Inc. at December 31: Accounts Market, Inc. Supply, Inc. Accounts receivable $ 58,600 $ 75,400 Allowance for doubtful accounts 2,548 2,756 Sales revenue 616,960 897, 100 Required a. What is the accounts receivable 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? Answer is complete but not entirely correct. Complete this question by entering your answers in the tabs below. Required A Required B Required C Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company? (Round your percentage answers to nearest whole number) Company Estimated Percentage of Uncollectible Accounts 6 X 1% 4 % Market Supply

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