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A company gross accounts receivable amounted to $5,000,000, and allowance for uncollectible accounts amounted to $50,000 at the end of the previous year. During the current year the company had the following transactions:
Required
Problem 1. How would each of these events affect the company's financial statements of the current year?
Problem 2. What is the net A/R at the end of the current year?
This chapter explains the ratio analysis useful in analyzing year-to-year performance of a single company or for comparing several companies within an industry.
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