Please do not Give image format And Complete all required Required:1. Record the company's write-offs of uncollectible accounts for 20x3.2. Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3?3. Compute the company's net profit margin for the three years presented.Complete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3? (Enter your answer inmillions.)Cash collections for 20x3million20x320x220x1< Required 1Show Transcribed TextNet ProfitMarginRequired 3 >ŰComplete this question by entering your answers in the tabs below.Required 1 Required 2 Required 3Compute the company's net profit margin for the three years presented. (Round your percentage answers to 2 decimal places(i.e. 0.1234 should be entered as 12.34).) OrangeAid, is a leading worldwide integrated brand owner, bottler, and distributor of nonalcoholic beverages.The following represents selected data from recent financial statements of OrangeAid (dollars in millions):(in millions)AssetsORANGEAIDConsolidated Balance Sheets (partial)Current assets:Cash and cash equivalentsAccounts receivable (net of allowances of$16 and $23, respectively)(in millions)Net salesNet incomeDecember31, 20x3Consolidated Statements of Income (partial)$$$208524For the Year Ended December 3120x320x25,680 $1,064 $20x15,556 $ 5,554853 $ 726December31, 20x2$ 67547The company also reported bad debt expense of $9 million in 20x3, $15 million in 20x2, and $11 million in 20x1.Required:1. Record the company's write-offs of uncollectible accounts for 20x3.2. Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3?3. Compute the company's net profit margin for the three years presented.

Net Profit Margin=Net incomeNet sales×100

Answered: OrangeAid, is a leading worldwide…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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Please do not Give image format And Complete all required

Required:
1. Record the company's write-offs of uncollectible accounts for 20x3.
2. Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3?
3. Compute the company's net profit margin for the three years presented.
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3? (Enter your answer in
millions.)
Cash collections for 20x3
million
20x3
20x2
20x1
< Required 1
Show Transcribed Text
Net Profit
Margin
Required 3 >
Ű
Complete this question by entering your answers in the tabs below.
Required 1 Required 2 Required 3
Compute the company's net profit margin for the three years presented. (Round your percentage answers to 2 decimal places
(i.e. 0.1234 should be entered as 12.34).)

Transcribed Image Text:OrangeAid, is a leading worldwide integrated brand owner, bottler, and distributor of nonalcoholic beverages. The following represents selected data from recent financial statements of OrangeAid (dollars in millions): (in millions) Assets ORANGEAID Consolidated Balance Sheets (partial) Current assets: Cash and cash equivalents Accounts receivable (net of allowances of $16 and $23, respectively) (in millions) Net sales Net income December 31, 20x3 Consolidated Statements of Income (partial) $ $ $208 524 For the Year Ended December 31 20x3 20x2 5,680 $ 1,064 $ 20x1 5,556 $ 5,554 853 $ 726 December 31, 20x2 $ 67 547 The company also reported bad debt expense of $9 million in 20x3, $15 million in 20x2, and $11 million in 20x1. Required: 1. Record the company's write-offs of uncollectible accounts for 20x3. 2. Assuming all sales were on credit, what amount of cash did OrangeAid collect from customers in 20x3? 3. Compute the company's net profit margin for the three years presented.

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