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Compute the percentage of the allowance for doubtful account

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Question

MGM Resorts International (MGM) owns and operates casinos including the MGM Grand and the Bellagio in Las Vegas, Nevada. For a recent year, the MGM Resorts International reported accounts and notes receivable of $562,947,000 and allowance for doubtful accounts of $89,602,000.

Compute the percentage of the allowance for doubtful accounts to the accounts and notes receivable for MGM. Round your answer to one decimal place.

Reference no: EM132385588

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