Ebi solar uses a high-tech process to turn silicon wafers into tiny solar panels. these efficient and inexpensive panels are used to power low-energy hand-held electronic devices. last year, ebi solar turned their inventory 4.2 times and had a cost of goods sold of $2.2 million. assume 52 business weeks per year. a. express last year's average inventory in weeks of supply. b. after several supply chain improvement initiatives, inventory investment has dropped across all inventory categories. while ebi's cost of goods sold is not expected to change from last year's level, the value of raw materials has dropped to$102,500; work-in-process to $25,500; and finished goods to $15,500. assuming 52 business weeks per year, express ebi's current total inventory level in weeks of supply and inventory turns.

Colorado rocky cookie company offers credit terms to its customers. at the end of 2018, accounts receivable totaled $715,000. the allowance method is used to account for uncollectible accounts. the allowance for uncollectible accounts had a credit balance of $50,000 at the beginning of 2018 and $30,000 in receivables were written off during the year as uncollectible. also, $3,000 in cash was received in december from a customer whose account previously had been written off. the company estimates bad debts by applying a percentage of 15% to accounts receivable at the end of the year. 1. prepare journal entries to record the write-off of receivables, the collection of $3,000 for previously written off receivables, and the year-end adjusting entry for bad debt expense.2. how would accounts receivable be shown in the 2018 year-end balance sheet?