Industry Characteristics and Allowances for Doubtful Accounts
The following percentages were computed using figures from recent annual reports of Weis Markets, a large grocery store chain, and Sprint Nextel Corporation, a provider of telecommunication services:
| Weis | Sprint |
Allowance for doubtful accounts as a percentage of net sales | 0.04% | 1.1% |
Accounts receivable as a percentage of net sales | 2.1 | 10.5 |
Explain why Sprint's percentages are so much larger than Weis Markets' percentages.
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