MGM Resorts International owns and operates hotels and casinos, including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 allowance doubtful and for accounts of $93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products, including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and an allowance for doubtful accounts of $340,000,000. Compute the percentage of allowance for doubtful accounts to the accounts receivable for MGM Resorts International. Round to one decimal place. the

FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
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MGM Resorts International
owns and
operates hotels and casinos, including
the MGM Grand and the Bellagio in Las
Vegas, Nevada. As of a recent year,
MGM reported accounts receivable of
$415,654,000
allowance
doubtful
and
for
accounts of $93,760,000.
Johnson & Johnson manufactures and
sells a wide range of healthcare
products, including Band-Aids and
Tylenol. As of a recent year, Johnson
& Johnson reported accounts receivable
of $10,114,000,000 and an allowance
for doubtful accounts of $340,000,000.
Compute the percentage of
allowance for doubtful accounts to the
accounts receivable for MGM Resorts
International. Round to one decimal
place.
the
Transcribed Image Text:MGM Resorts International owns and operates hotels and casinos, including the MGM Grand and the Bellagio in Las Vegas, Nevada. As of a recent year, MGM reported accounts receivable of $415,654,000 allowance doubtful and for accounts of $93,760,000. Johnson & Johnson manufactures and sells a wide range of healthcare products, including Band-Aids and Tylenol. As of a recent year, Johnson & Johnson reported accounts receivable of $10,114,000,000 and an allowance for doubtful accounts of $340,000,000. Compute the percentage of allowance for doubtful accounts to the accounts receivable for MGM Resorts International. Round to one decimal place. the
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