Lastly, the allowance for doubtful accounts looks pretty low. A/R goes up, but allowance goes down? I need a divide workpaper (C-3) addressing the reasonableness of Apollo's Allowance for Doubtful Accounts. You will specifically identify troubled accounts, look at following cash collections, look at what Apollo's competitors do, look at what Apollo has done in past (bad debt expense as a percent of sales, allowance for doubtful accounts as a percent of total receivables) to prepare your estimate of what should be in the allowance. Also consider current and previous A/R Turnover and Days' Sales in A/R ratios.