Assume that all sales are made on a credit basis that the

Reference no: EM13566326

Search for Avon Products, Inc. Access the 10-k filing for the most recent fiscal year. Search or scroll to find the financial statements.

Answer the following questions related to the company's accounts receivable and bad debts:

a.What is the amount of gross trade accounts receivable at the end of the year?

b.What is the amount of bad debt expense for the year? (Hint: check the statement of cash flows.)

c.Determine the amount of actual bad debt write-offs made during the year. Assume that all bad debts relate only to trade accounts receivable.

d.Using only information from the balance sheets, income statements, and your answer to requirement 3(c), determine the amount of cash collected from customers during the year. Assume that all sales are made on a credit basis, that the company provides no allowances for sales returns, that no previously written-off receivables were collected, and that all sales relate to trade accounts receivable.

Reference no: EM13566326

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