HP Inc. reports the following in a recent 10-K.
$ millions Current Year Prior Year Two Years Prior
Accounts receivable, net $5,113 $4,414 $4,114
Revenue 58,472 52,056 48,238
Notes to the company’s 10-K provide the following additional information relating to its allowance for doubtful accounts.
For Fiscal Years Ended October 31 ($ millions) Current Year Prior Year Two Years Prior
Allowance for doubtful accounts - accounts receivable
Balance, beginning of period $101 $107 $80
Provision for doubtful accounts 57 30 65
Deductions, net of recoveries (29) (36) (38)
Balance, end of period $129 $101 $107
a. What is the gross amount of accounts receivables for HP in the current and two prior years?
$ millions Current Year Prior Year Two Years Prior
Accounts receivable, gross Answer 1
0
Answer 2
0
Answer 3
0
b. What is the percentage of the allowance for doubtful accounts to gross accounts receivable the current and two prior years?
Note: Do not use a negative sign.