Atampts financial statements for the 2010 and 2009 fiscal

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Reference no: EM13611341

AT&T's financial statements for the 2010 and 2009 fiscal years contained the following information: Balance sheets 2010 2009 Current assets Accounts receivable, net os allowances for doubtful accounts of 957 and 1202 13610 14845 Income Statements Revenues 124280 122513 In addition, the statement of cash flows disclosed bad debt expense of $1,334 million in 2010 and $1,762 million in 2009.

Required:

1. Determine the amount of actual bad debt write-offs made during 2010.

2. Determine the amount of cash collected from customers during 2010. 3. Compute the receivables turnover ratio for 2010

Reference no: EM13611341

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