AIS_301_F11_Case_3_Valuation_of_AR_Sprdsht_Template

AIS_301_F11_Case_3_Valuation_of_AR_Sprdsht_Template - 2010...

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Case 3 – Accounts Receivable Valuation Worksheet - Dolls Corporation (all $ in thousands) **** **** Dolls Corporation 2010 2010 Without Retail, Inc. Write-Off 2010 ---------------After Bad Debt Expense------------------- Before Retail Balance Sheet Income Statement write-off and Method Method 2009 Bad Debt Expense Method Method Accounts Receivable 2,650 2,980 Allowance for Bad Debts 265 100 * Allowance as % of A/R 10.0% 3.4% * Current Assets 3,115 * Current Liabilities 1,485 * Current Ratio (CA/CL) 2.1 * Sales 12,500 15,000 * Bad Debt Expense 150 0 * Net Income (Loss) 425 155 * Dolls Corporation With Retail, Inc. Write-Off
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Unformatted text preview: 2010 2010 2010 Before Retail--After Retail write-off and Bad Debt Expense--- write-off and Balance Sheet Income Statement 2009 Bad Debt Expense Method Method Accounts Receivable 2,650 2,980 * Allowance for Bad Debts 265 100 * Allowance as % of A/R 10.0% 3.4% * Current Assets 3,115 * Current Liabilities 1,485 * Current Ratio (CA/CL) 2.1 * Sales 12,500 15,000 * Bad Debt Expense 150 * Net Income (Loss) 425 155 * **** Cells in these two columns must have a formula or a cell reference to determine the cell amount....
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This note was uploaded on 01/23/2012 for the course ACCOUNTING 301 at Wisconsin.

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