Megasoft Corporation develops, produces, and markets a wide range of computer software including the Windows operating system. Megasoft reported the following information about Net Sales Revenue and Accounts Receivable (all amounts in millions). June 30, 2016 June 30, 2015 Accounts Receivable, Net of Allowance for Doubtful Accounts of $300 and $350 $16,850 67,000 $15,600 61,000 Net Revenues According to its Form 10-K, Megasoft recorded Bad Debt Expense of $21 and did not recover any previously written-off accounts during the year ended June 30, 2016. Required: 1. What amount of accounts receivable was written off during the year ended June 30, 2016? (Enter your answer in millions.) 2. What was Megasoft's receivables turnover ratio in 2016? (Round your answer to 1 decimal place.) 1. Accounts Receivable Written-Off 2. Receivables Turnover Ratio million times

Accounts receivable turnover = Net revenues/Average accounts receivables Average accounts receivable = (Beginning accounts receivable +Ending accounts receivables)/2 Average accounts receivable = ($16,850 + $15,600/2 Average accounts receivable = $32,450/2 Average accounts receivable = $16,225 1) Accounts receivable written off = Beginning balance of allowance for doubtful accounts + Bad debt expense - Ending balance of allowance for doubtful accounts Accounts receivable written off = $350 + 21 -$300 Accounts receivable written off =$71 millions 2) Accounts receivable turnover = Net revenues/Average accounts receivables Accounts receivable turnover =$67,000/$16,225 Accounts receivable turnover =4.1times