What was megasoft receivables turnover ratio

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Reference no: EM131796588

Question: Megasoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Megasoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2013 June 30, 2012 Accounts Receivable, Net of Allowances of $260 and $310 $ 16,450 $ 15,200 Net Revenues 58,000 52,000 According to its Form 10-K, Megasoft recorded Bad Debt Expense of $17 and did not recover any previously written-off accounts during the year ended June 30, 2013.

Required: 1. What amount of accounts receivable was written-off during the year ended June 30, 2013? (Enter your answer in millions.)

2. What was Megasoft's receivables turnover ratio in the current year? (Round your answer to 1 decimal place.)

Reference no: EM131796588

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