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Unformatted text preview: financial weakness, since a company wants its current ratio to improve. On the other hand, the debt ratio also decreased showing a financial strength, since lesser debt is good for a company. Chapter 5 1. Net Accounts signifies: Accounts Receivable – Allowance for Bad Debt Other signifies: Other Current Assets 2. Accounts Receivable: online purchases using a credit card, is vendor receivable and customer receivables 3. The allowance for doubtful accounts in 2008 was $81 million, while in 2009 it was $64 million....
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- Spring '12
- Generally Accepted Accounting Principles, Professor Rankin, Drew Sherry