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On Sept. 30 the company had $45.5 million, or 30% of its gross receivables, reserved for doubtful accounts.
In September 2000 WorldCom took a charge of $685 million to write off bad receivables and has a remaining bad-debt reserve of $1 billion against $6.3 billion in gross receivables.
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Target, based in Minneapolis, said the sale price was equal to the gross value of the outstanding receivables at the time of closing.
They included net account receivables, net worth, net sales, gross margin, and operating profit margin.
Target says that the gross number was offset in part by insurance receivables of $46 million for 2014 and $44 million for 2013.
The second set of outcomes are the levels of current assets ("cash," accounts receivables, and other current assets) and the change over the prior year's total gross fixed assets (i.e., plant, property, and equipment).
Uncollected receivables?
Our receivables are unbelievable.
Plus, you have no receivables.
They have very few receivables.
Really gross".
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CEO of Professional Science Editing for Scientists @ prosciediting.com