The following information is taken from the 2013 annual report to shareholders o

Question

The following information is taken from the 2013 annual report to shareholders of Hewlett-Packard (HP) Co. Provision for doubtful accounts 40 million $ 117 milion At Fiscal Year-end At Fiscal Year-end 2012 Accounts recetvable, net Accounts recelvable, gross 2013 15,961 million 6,378 million 16,492 million 7041 million What is the balance in HP's allowance for doubtful accounts at the end of the fiscal years 2013 and 2012 respectively? (Enter your answers in millions (i.e. 10,000,000 should be entered as 10)) For Fiscal 2013 For Fiscal 2012 Allowance for doubtful accounts million million NORD: Study341

Explanation / Answer

1 2013 2012 Accounts receivable gross 16378 17041 accounts receivable net 15961 16492 allowance for doubtful accounts 417 549 2 Allowance for doubtful accounts 549 Beg balance Written off 172 40 Provision 172 589 Ending balance 417 2012 0.69% (117/17041) 2013 0.24% (40/16378)

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