Solution-What is the amount of gross accounts receivable

What is the amount of gross accounts receivable

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Reference no: EM131730876

Problem - Nike, Inc. is a leading manufacturer of sports apparel, shoes, and equipment. The company's 2013 financial statements contained the following information (in millions):

	2013	2012
Accounts Receivables, net	$3,117	$3,132
Sales Revenue	$25,313	$23,331

A note disclosed that the allowance for uncollectible accounts had a balance of $104 million and $91 million at the end of 2013 and 2012, respectively. Bad debt expense for 2013 was $32 million. Assume that all sales are made on a credit basis.

1. What is the amount of gross (total) accounts receivable due from customers at the end of 2013 and 2012?

2. What is the amount of bad debt write-offs during 2013?

3. Analyze the changes in the gross accounts receivable account to calculate the amount of cash received from customers during 2013.

Reference no: EM131730876

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What is the amount of gross accounts receivable

Reference no: EM131730876

Reference no: EM131730876

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