1AccountsReceivableOneofthekeyfactorsunderlyingthegrowthoftheAmericaneconomyisthetrendtowardsellinggoodsandservicesoncreditAccountsreceivablecomprisethelargestfinancialassetofmanymerchandisingcompaniesAccountsreceivablearerelativelyliquidassetsusuallyconvertingintocashwithinaperiodof30to60daysThereforeaccountsreceivablefromcustomersusuallyappearinthebalancesheetimmediatelyaftercashandshortterminvestmentsinmarketablesecurities2UNCOLLECTIBLEACCOUNTSAccountsreceivableareshowninthebalancesheetatthee