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What is the amount avon gross sales for the fiscal year

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Question - Avon Products Inc, located in New York City, is one of the world's largest producers of beauty and related products. The company's consolidated balance sheets for the 2016 and 2015 fiscal years included the following ($ in thousands)

Current assets: 2016 2015

Receivable les allowance of $131,100 in 458000 440,000

2016 and $86,700 in 2015

A disclosure note accompanying the financial statement reported the following ($ in thousand)

Calculation of account receivables net receivable 2016 $590,000 2015 $526,700

Doubtful accounts 2016 (122900) 2015 $(77600)

Reserve for products returns 2016 $(8200) 2015 ($9100)

Trade accounts receivable net 2016 $458000 2015 $440,00

Assume that the company reported bad debts expenses in 2016 of $191,000 and had products returned for credits totaling $187000 (sales price). Net sales for 2016 were $5,578,800 ($ in thousand)

1. What is the amount of accounts receivable due Avon write off during 2016 and 2015?

2. What amount of accounts receivables did Avon write off during 2016?

3. What is the amount Avon gross sales for the 2016 fiscal year?

4. Assuming that all sales are made on a credit basis what is the amount of cash Avon collected from customers during the 2016 fiscal year?

Reference no: EM132750060

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