The following information was taken from Nash Inc.'s trial balances as of December 31, 2018, and December 31, 2019. 12/31/2019 12/31/2018
Accounts receivable $32,000 $39,000
Accounts payable 47,000 36,000
Sales 219,000 128,000
Sales returns 4,000 2,300
Retained earnings 47,000 16,000
Dividends 5,000 1,000
Net income 36,000 9,000

Required:

a. Calculate the net profit margin and accounts receivable turnover for 2011. (Mote: Round answers to two decimal places.)
b. How much does Nash make on each sales dollar?
c. How many days does the average receivable take to be paid (assuming all sales arc on account)?

Swathmore clothing corporation grants its customers 30 days' credit. the company uses the allowance method for its uncollectible accounts receivable. during the year, a monthly bad debt accrual is made by multiplying 3% times the amount of credit sales for the month. at the fiscal year-end of december 31, an aging of accounts receivable schedule is prepared and the allowance for uncollectible accounts is adjusted accordingly. at the end of 2012, accounts receivable were dollar 586.000 and the allowance account had a credit balance of dollar 50,000. accounts receivable activity for 2013 was as follows: the company's controller prepared the following aging summary of year-end accounts receivable: prepare a summary journal entry to record the monthly bad debt accrual and the write-offs during the year. (if no entry is required for a particular event, select "no journal entry required" in the first account field.) prepare the necessary year-end adjusting entry for bad debt expense. (if no entry is required for an event, select "no journal entry required" in the first account field.) what is total bad debt expense for 2013? calculate the amount of accounts receivable that would appear in the 2013 balance sheet?