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Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating sys Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2019 $29,520 125,840 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? Complete this question by entering your answers in the tabs below. 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, rela to 2018 when the turnover was 5.0? Req 1 to 2 Reg 3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Tumover Ratio June 30, 2018 million times $26,480 110,360 Reg 1 to 2 Req 3 >

Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating sys Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2019 $29,520 125,840 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? Complete this question by entering your answers in the tabs below. 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, rela to 2018 when the turnover was 5.0? Req 1 to 2 Reg 3 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Tumover Ratio June 30, 2018 million times $26,480 110,360 Reg 1 to 2 Req 3 >

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2018 $26,480 110,360 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Complete this question by entering your answers in the tabs below. June 30, 2019 $29,520 125,840 Req 1 to 2 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) Req 3 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times <Reg 1 to 2 Req 3 >
Transcribed Image Text:Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2018 $26,480 110,360 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Complete this question by entering your answers in the tabs below. June 30, 2019 $29,520 125,840 Req 1 to 2 What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? (Enter your answer in millions. Round your answer to 1 decimal place.) Req 3 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times <Reg 1 to 2 Req 3 >
Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2019 $29,520 125,840 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? Complete this question by entering your answers in the tabs below. 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Olmproved Req 1 to 2 Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Deteriorated June 30, 2018 Req 3 $26,480 110,360 < Req 1 to 2 Reg 3 >
Transcribed Image Text:Microsoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Microsoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2019 $29,520 125,840 Accounts Receivable, Net of Allowance for Doubtful Accounts of $410 and $375 Net Revenues According to its Form 10-K, Microsoft recorded Bad Debt Expense of $150 and did not recover any previously written-off accounts during the year ended June 30, 2019. Required: 1-2. What amount of accounts receivable was written off during the year ended June 30, 2019? What was Microsoft's receivables turnover ratio in 2019? Complete this question by entering your answers in the tabs below. 3. Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Olmproved Req 1 to 2 Does your answer in requirement 2 suggest the collectibility of Accounts Receivable improved (or deteriorated) in 2019, relative to 2018 when the turnover was 5.0? Deteriorated June 30, 2018 Req 3 $26,480 110,360 < Req 1 to 2 Reg 3 >
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