AT&T's financial statements for the 2010 and 2009 fiscal years contained the following information: In addition, the statement of cash flows disclosed bad debt expense of $1,334 million in 2010 and $1,762 million in 2009.
Required:
1. Determine the amount of actual bad debt write-offs made during 2010.
2. Determine the amount of cash collected from customers during 2010.
3. Compute the receivables turnover ratio for 2010

Question

AT&T's financial statements for the 2010 and 2009 fiscal years contained the following information:  In addition, the statement of cash flows disclosed bad debt expense of $1,334 million in 2010 and $1,762 million in 2009.
Required:
1. Determine the amount of actual bad debt write-offs made during 2010.
2. Determine the amount of cash collected from customers during 2010.
3. Compute the receivables turnover ratio for 2010

Quizplus · Accepted Answer

The Answer of AT&T's financial statements for the 2010 and 2009 fiscal years contained the following information:  In addition, the statement of cash flows disclosed bad debt expense of $1,334 million in 2010 and $1,762 million in 2009.
Required:
1. Determine the amount of actual bad debt write-offs made during 2010.
2. Determine the amount of cash collected from customers during 2010.
3. Compute the receivables turnover ratio for 2010

AT&T's Financial Statements for the 2010 and 2009 Fiscal Years