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Calculate ratio of the allowance for uncollectible account

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Reference no: EM132959870

The following information is taken from the annual report of The Lincoln Electric Company.

Balance Sheet                                                                     Year 1                               Year 2

Accounts receivable, net of the allowance for uncollectibleaccounts of $4,060 and $4,300,

respectively                                                              $79,500                        $75,390

Problem a. Calculate the ratio of the allowance for uncollectible accounts divided by gross accounts receivable for Year 1 and Year 2. Round your answer to one decimal place.

Reference no: EM132959870

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