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What is the estimated percentage of uncollectible accounts

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Reference no: EM132750510

The following information is available for Hans & Frans Inc. and Church Lady Inc. at December 31:

Accounts                     Hans & Frans             Church Lady

Accounts Receivable      $ 92,500             $ 220,200

Allowance for Doubtful Accounts $ 3,250        $ 8,100

Sales Revenue               $ 716,500             $ 1,978,200

Required:

Problem a. What is the accounts receivable turnover for each of the companies?

Problem b. What is the average days to collect the receivables for each company?

Problem c. Assuming both companies use the percent of receivables allowance method, what is the estimated percentage of uncollectible accounts for each company?

Reference no: EM132750510

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