Answer:
The question is incomplete as there were figures on which the net receivables could be computed,as a result find below complete questions and answers:
At September 24, 2016, how much in total did customers owe Bullock? How much did Bullock expect to collect and not to collect on September 24, 2016? What was the net realizable value of Bullock's receivables on September 24, 2016?
Bullock
Balance Sheet (Excerpt, Adapted)
(In Millions of $)
Sep. 24, 2016 Sep. 26, 2015
Current assets:
Cash and cash equivalents $14,801 $19,148
Short-term marketable securities $41,936 $25,598
Accounts receivable, less allowance of $69 and $97, respectively $15,941 $17,758
Inventories $2,129 $2,235
Vendor non-trade receivables $13,132 $13,906
Other current assets $8,243 $15,166
Total current assets $102,287 $107,427
Customers owed Bullock $$15941+$69=$1610
Bullock expected not to collect $69
Bullock expected to collect—net realizable value $15941
Explanation:
Bullock has already made bad debt provisions for both years as $69 and $97 respectively.In other words, these figures are the best estimates for irrecoverable debts.
