Research and Analysis Using the Annual Report
Obtain Whirlpool’s Fiscal 2016 10-K (filed Feb. 13, 2017) through the "Investor Relations" portion of its website (do a web search for Whirlpool investor relations). Once at the Investor Relations section of the website, look for "SEC Filings" under the "FINANCIAL INFORMATION" header. When you see the list of all the filings, either filter for the "Annual Filings" or search for "10-K." Another option is to go to www.sec.gov and click "Company Filings Search" under "Filings."
Required:
Look at the "Accounts Receivable" heading to Note 1 (Summary of Significant Accounting Policies). Do you think Whirlpool uses the percentage of credit sales method or the aging method to estimate bad debt expense?
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