Reference no: EM132930067

$ millions                                                                                                                     December 31, 2017  December 31, 2018

Cash and cash equivalents                                                                                                          $1,100                  $761

Trade receivables (net of allowances of $40 in 2018 and $50 in 2017)                                                     $2,262           $2,691

Other receivables (net of allowances of $47 in 2018 and $98 in 2017)                                                     $744                 $835

Inventories, net                                                                                                                           $2,592               $2,557

Other current assets                                                                                                                         $906              $676

Total current assets                                                                                                                         $7,604            $7,520

Total assets                                                                                                                                 $62,729               $62,957

Problem 1: What percentage of trade receivables does the company deem uncollectible as of year-end 2018?

Group of answer choices

Option 1: 1.77%

Option 2: 3.85%

Option 3: 1.80%

Option 4: 1.74%