Analyzing the Allowance for Uncollectible Accounts Following is the current asset section from the Ralph Lauren Corporation balance sheet: (in millions) Cash and cash equivalents Short-term investments Accounts receivable, net allowances of $222.2 million and $214.4 million Inventories Income tax receivable Prepaid expenses and other current assets Total current assets Gross receivables % of allowance for uncollectibles to gross A/R March 31, 2018 April 1, 2017 $1,304.6 $668.3 699.4 684.7 421.4 450.2 791.5 79.4 280.4 $2,954.5 Compute the gross amount of accounts receivable for both 2018 and 2017. Compute the percentage of the allowance for uncollectible accounts relative to the gross amount of accounts receivable for each of these years. Round percentages one decimal place (i.e., 0.2538 = 25.4%) 2018 421.4 x million $ 0 x %6 $ 761.3 38.0 323.7 $3,548.4 2017 0 x million 0x

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