int Exercise 7 16A Algo Accounts receivable turnover and

Last updated: 4/26/2023

int Exercise 7 16A Algo Accounts receivable turnover and average days to collect accounts receivable LO 7 7 The following Information is available for Market Incorporated and Supply Incorporated at December 31 Supply Incorporated 80 200 Accounts receivable Allowance for doubtful accounts Sales revenue Accounts Required A 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 Complete this question by entering your answers in the tabs below Market Incorporated 56 200 3 048 626 960 Company Required B Required C 2 556 887 100 What is the accounts receivable turnover for each of the companies Round your answers to 1 decimal place Acoounts Receivable Turnover