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Microsoft Excel LibreOffice Calc

General Mills Inc. (GIS)

Analysis of Bad Debts

Difficulty: Advanced

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

Microsoft Excel LibreOffice Calc
May 26, 2019 May 27, 2018 May 28, 2017 May 29, 2016 May 31, 2015 May 25, 2014
Selected Financial Data (US$ in thousands)
Allowance for doubtful accounts hidden hidden hidden hidden hidden hidden
Receivables, customers hidden hidden hidden hidden hidden hidden
Ratio
Allowance as a percentage of receivables, customers1 hidden hidden hidden hidden hidden hidden

Based on: 10-K (filing date: 2019-06-28), 10-K (filing date: 2018-06-29), 10-K (filing date: 2017-06-29), 10-K (filing date: 2016-06-30), 10-K (filing date: 2015-07-06), 10-K (filing date: 2014-07-03).

2019 Calculations

1 Allowance as a percentage of receivables, customers = 100 × Allowance for doubtful accounts ÷ Receivables, customers
= 100 × hidden ÷ hidden = hidden

Ratio Description The company
Allowance as a percentage of receivables, customers Allowance for doubtful accounts divided by the gross accounts receivable. General Mills Inc.’s allowance as a percentage of receivables, customers declined from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.