{ "key_pair_value_system": true, "answer_rating_count": "", "question_feedback_html": { "html_star": "", "html_star_feedback": "" }, "answer_average_rating_value": "", "answer_date_js": "2024-05-26T20:00:40-04:00", "answer_date": "2024-05-26 20:00:40", "is_docs_available": "", "is_excel_available": "", "is_pdf_available": "", "count_file_available": 0, "main_page": "student_question_view", "question_id": "1756790", "url": "\/study-help\/questions\/e817-lo-1-an-the-following-information-in-millions-was-1756790", "question_creation_date_js": "2024-05-26T20:00:40-04:00", "question_creation_date": "May 26, 2024 08:00 PM", "meta_title": "[Solved] E8.17 (LO 1) AN The following information | SolutionInn", "meta_description": "Answer of - E8.17 (LO 1) AN The following information (in millions) was taken from the December 31 financial statements of Canadia | SolutionInn", "meta_keywords": "e8.17,lo,1,information,millions,december,31,financial,statements,canadian,national,railway", "question_title_h1": " E8.17 (LO 1) AN The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company: Accounts receivable,", "question_title": " E8.17 (LO 1) AN The following information (in millions) was taken", "question_title_for_js_snippet": "E8 17 (LO 1) AN The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company Accounts receivable, gross Allowance for doubtful accounts Accounts receivable, net Revenues Total current assets Total current liabilities 2019 $1,241 2018 $1,195 2017 $1,000 28 26 16 1 213 1,160 984 14 917 14 321 13 041 2 830 2,728 2 100 4 287 3500 3 983 Instructions a Calculate the 2019 and 2018 current ratios, b Calculate the receivables turnover and collection period for 2019 and 2018 e Comment on any improvement or weakening in CN's liquidity and its management of accounts receivable ", "question_description": "\"image", "transcribed_text": "E8.17 (LO 1) AN The following information (in millions) was taken from the December 31 financial statements of Canadian National Railway Company: Accounts receivable, gross Allowance for doubtful accounts Accounts receivable, net Revenues Total current assets Total current liabilities 2019 $1,241 2018 $1,195 2017 $1,000 28 26 16 1.213 1,160 984 14.917 14.321 13.041 2.830 2,728 2.100 4.287 3500 3.983 Instructions a. Calculate the 2019 and 2018 current ratios, b. Calculate the receivables turnover and collection period for 2019 and 2018. e. Comment on any improvement or weakening in CN's liquidity and its management of accounts receivable.", "related_book": { "title": "Managerial Accounting", "isbn": "978-1259176494, 1259176495, 978-1259347641, 1259347648, 978-0078025600", "edition": "5th edition", "authors": "John Wild, Ken Shaw", "cover_image": "https:\/\/dsd5zvtm8ll6.cloudfront.net\/si.question.images\/book_images\/1126.jpg", "uri": "\/textbooks\/managerial-accounting-5th-edition-1126", "see_more_uri": "" }, "free_related_book": { "isbn": "184376282X", "uri": "\/textbooks\/organizational-knowledge-and-technology-an-action-oriented-perspective-on-organization-and-information-systems-1st-edition-9781843762829-128810", "name": "Organizational Knowledge And Technology An Action Oriented Perspective On Organization And Information Systems", "edition": "1st Edition" }, "question_posted": "2024-05-26 20:00:40", "see_more_questions_link": "\/study-help\/questions\/business-finance-2024-September-22", "step_by_step_answer": "The Answer is in the image, click to view ...", "students_also_viewed": [ { "url": "\/study-help\/managerial-accounting-tools-for-business-decision-making\/data-visualization-can-help-broadway-theatre-analysts-to-understand-ticket", "description": "Data visualization can help Broadway theatre analysts to understand ticket pricesExample: Recall the Service Company Insight box How Much Did You Pay for That Seat? presented in the chapter. As...", "stars": 3 }, { "url": "\/hollydales-will-issue-an-additional-5000-bonds-with-the-help", "description": "Hollydales will issue an additional 5,000 bonds with the help of an investment banker. The bonds will be semiannual bonds with thirty years to maturity. The coupon rate will be 8% and the par value...", "stars": 3 }, { "url": "\/study-help\/small-business-management\/what-is-an-idea-assessment-1810115", "description": "What is an idea assessment?", "stars": 3 }, { "url": "\/study-help\/industrial-organizational-psychology-understanding-the-workplace\/describe-the-primary-differences-in-the-measurement-of-risk-between-1983738", "description": "Describe the primary differences in the measurement of risk between the utility function used in expected utility theory by traditional finance and the value function posited by prospect theory in...", "stars": 3 }, { "url": "\/study-help\/modern-advanced-accounting\/on-january-1-palisades-inc-acquired-100-percent-of-sherwood-834151", "description": "On January 1, Palisades, Inc., acquired 100 percent of Sherwood Companys common stock for a fair value of $120,000,000 in cash and stock. The carrying amounts of Sherwoods assets and liabilities...", "stars": 3 }, { "url": "\/study-help\/questions\/the-following-information-is-available-for-skipper-pools-a-manufacturer-9882763", "description": "The following information is available for Skipper Pools, a manufacturer of above-ground swimming pool kits: 2014 2015 Total Units produced 11,160 8,840 20,000 Units sold 10,000 10,000 20,000 Selling...", "stars": 3 }, { "url": "\/study-help\/questions\/g-process-costing-j-abc-limited-provides-following-information-units-3426905", "description": "g Process costing J ABC Limited Provides following information units transferred 20000 closing wip 10000 40% complete for conversion Cost 1 cost of Material Per unit 20 cost of conversion cost...", "stars": 3 }, { "url": "\/study-help\/questions\/research-and-find-any-organizations-mission-statement-1-copy-and-1002436", "description": "Research and find any organization's Mission Statement. 1. Copy and paste the Mission Statement 2. What about the Mission Statement captured your attention? 3. Do you think the company is following...", "stars": 3 }, { "url": "\/study-help\/questions\/a-write-a-few-statements-included-in-the-code-1002453", "description": "a ) Write a few statements included in the code of ethics of your field that are related to the ethical problems in the collapse of the Surfside Condo.", "stars": 3 }, { "url": "\/study-help\/questions\/mulalo-is-the-pr-manager-of-power-chain-stores-which-3214221", "description": "Mulalo is the PR manager of Power Chain Stores. Which one of the following options is not related to Mulalo's PR activities? a. The planning and execution of the company's PR strategy should be...", "stars": 3 }, { "url": "\/study-help\/questions\/consider-the-following-fx-x-20x-125-1000939", "description": "Consider the following. f(x) = x + 20x - 125 (a) Write the polynomial as the product of factors that are irreducible over the rationals. f(x) = (b) Write the polynomial as the product of linear and...", "stars": 3 }, { "url": "\/study-help\/questions\/the-length-and-width-of-a-cardboard-are-26-ft-1000956", "description": "The length and width of a cardboard are 26 ft and 12 ft. We are going to cut out the corners and fold up the sides to form a box. Determine the height of the box that will give maximum volume. Note:...", "stars": 3 }, { "url": "\/study-help\/questions\/two-accountants-for-the-firm-of-elwes-and-wright-are-8395953", "description": "Two accountants for the firm of Elwes and Wright are arguing about the merits of presenting an income statement in a multiple-step versus a single-step format. The discussion involves the following...", "stars": 3 }, { "url": "\/select-the-correct-answer-for-each-of-the-following-questions-204724", "description": "Select the correct answer for each of the following questions. 1. On December 31, 20X3, Saxe Corporation was merged into Poe Corporation. In the business combination, Poe issued 200,000 shares of its...", "stars": 3 }, { "url": "\/study-help\/business-analytics-data\/train-a-regression-model-to-predict-quality-using-the-red-1673650", "description": "Train a regression model to predict Quality using the red wines in the training set. This is the Red Wines Model.", "stars": 3 }, { "url": "\/study-help\/business-analytics-data\/what-would-you-say-to-a-marketing-manager-who-wished-1673645", "description": "What would you say to a marketing manager who wished to use only one global model across his entire clientele, rather than trying segmentation models?", "stars": 3 }, { "url": "\/study-help\/business-analytics-data\/explain-the-segmentation-modeling-process-1673644", "description": "Explain the segmentation modeling process.", "stars": 3 } ], "next_back_navigation": { "previous": "\/study-help\/questions\/omega-company-has-sales-of-300000-and-cost-of-goods-1756789", "next": "\/study-help\/questions\/question-2-35-marks-spirit-limited-has-been-operating-as-1756791" }, "breadcrumbs": [ { "name": "Study help", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers" }, { "name": "Business", "link": "https:\/\/www.solutioninn.com\/study-help\/questions-and-answers\/business" }, { "name": "Accounting", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/business-accounting" }, { "name": " E8.17 (LO 1) AN The following information (in millions) was taken", "link": "https:\/\/www.solutioninn.com\/study-help\/questions\/e817-lo-1-an-the-following-information-in-millions-was-1756790" } ], "skill_details": { "skill_id": "9", "skill_name": "Accounting", "parent_id": "1" } } "1" } }