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Please solve the accounting case in the attachment below ...
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Explanation & Answer
Attached.
Running Head: CASE ASSIGNMENT II, FALL 2018
Case Assignment II, Fall 2018
Student’s Name
Sudip Bhattacharjee
ACIS 5104- Fundamentals of Accounting
November 26, 2018
1
CASE ASSIGNMENT II, FALL 2018
2
Case Assignment II, Fall 2018
Requirements
a. Leggett & Platt, Inc.’s gross amount of receivables at the end of 2016 and 2015
Dec. 31, 2016
Dec. 31, 2015
Total Net Receivables
$486.6
$520.2
Allowance for Doubtful Accounts
$7.20
$9.30
Trade Receivable, Gross
493.80
529.50
b. Common-size amount for gross account...