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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
|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|
|Allowance as a percentage of receivables, customers1|
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).
1 2019 Calculation
Allowance as a percentage of receivables, customers = 100 × Allowance for doubtful accounts ÷ Receivables, customers
= 100 × ÷ =
|Financial 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 decreased from 2017 to 2018 but then increased from 2018 to 2019 exceeding 2017 level.|