Bradford Corporation Reported Net Accounts Receivable of $380,000 and Net

question 53

Multiple Choice

Bradford Corporation reported net accounts receivable of $380,000 and net sales of $2,600,000 for 2012. Allowance for bad debts was $40,000, ending 2012. Rounding to two decimal places, what is Bradford's allowance ratio for 2012?

• A) 10.53%
• B) 9.52%
• C) 1.54%
• D) 1.50%

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