Solution-What is the amount of net receivables at the end

What is the amount of net receivables at the end of the year

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Question - Obtain a copy of the annual report of Avon Products, Inc. for the most recent year. You can find the annual report at the company's website in the investor information section or at the Securities and Exchange Commission's website. Using EDGAR (Electronic Data Gathering Analysis and Retrieval). Form 10-K, which includes the annual report is required to be filed on EDGAR. Search or scroll within the annual report to find the financial statements.

Required: Answer the following questions related to the company's accounts receivable and bad debts:

1. What is the amount of net receivables at the end of the year?

2. What is the amount of bad debt expense for the year? (Hint: Check the statement of cash flows)

3. Calculate the receivables turnover ratio and average collection period for the most recent year. Round your answer to one decimal place. Assuming the industry averages for the receivables turnover ratio and average collection period at 10.5 times and 34.8 days, respectively, what do you conclude about the receivables of Avon?

Reference no: EM132676912

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What is the amount of net receivables at the end of the year

Reference no: EM132676912

Reference no: EM132676912

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