Paying users zone. Data is hidden behind: .
Get 1-month access to Exxon Mobil Corp. for $19.99, or
get full access to the entire website for at least 3 months from $49.99.
This is a one-time payment. There is no automatic renewal.
Exxon Mobil Corp. pages available today for free:
Analysis of Bad Debts
Allowance for doubtful accounts receivable (bad debts) is a contra account which reduce the balance of the company’s gross accounts receivable. The relationship between the allowance and the balance in receivables should be relatively constant unless there is a change in the economy overall or a change in customer base.
Allowance for Doubtful Accounts Receivable
1 2020 Calculation
Allowance as a percentage of notes and accounts receivable, gross = 100 × Reserves for notes and accounts receivable ÷ Notes and accounts receivable, gross
= 100 × ÷ =
|Financial ratio||Description||The company|
|Allowance as a percentage of notes and accounts receivable, gross||Allowance for doubtful accounts divided by the gross accounts receivable.||Exxon Mobil Corp.’s allowance as a percentage of notes and accounts receivable, gross decreased from 2018 to 2019 but then increased from 2019 to 2020 exceeding 2018 level.|