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Use the following financial statement information for Activi…

Use the following financial statement information for Activity questions. 2025 2024 Cash 46,797 56,443 Accounts Receivable, gross 57,875 56,259 Allowance for Bad Debt 1,550 1,978 Inventories 40,666 32,817 PPE, gross 46,181 45,633 Accumulated Depreciation 6,080 2,532 Total Liabilities 71,621 52,867 Stockholder’s Equity 112,268 133,775 Gross Sales 393,204 386,131 Returns 17,626 14,137 Cost of Sales 280,582 272,124 Expenses 43,668 40,863 EBIT 51,328 59,007  

Use the following information for the Net Realizable Value o…

Use the following information for the Net Realizable Value of Accounts Receivable questions. Capri, Inc. analyzes its accounts receivable at December 31, and arrives at the aged categories below along with the percentages that are estimated as uncollectible.                      Age Group Accounts Receivable Estimated Loss % Est Loss $ Current $436,940 1% $4,369 1-30 days $182,703 2% $3,654 31-60 days $69,250 3% $2,078 61-90 days $25,908 4% $1,036 91-120 days $13,642 6% $819 121+ days $8,650 9% $779 Total $737,093   $12,734   The unused balance of the allowance for uncollectible accounts is $5,430 on December 31, before any adjustments.