Question:			Answer:
The asset side of the 2016 balance sheet for BURLINGTON NORTHERN SANTA FE, LLC (BNSF) is below.
The company reported total revenues of $19,829 million in 2016 and $21,967 million in 2015.			a.	(in millions)
BURLINGTON NORTHERN SANTA FE, LLC				2016	2015
Consolidated Balance Sheets (excerpts)			Accounts receivable, net
in Millions	Dec. 31, 2016	Dec. 31, 2015	Allowance
Current assets:			Accounts receivable, gross
Cash and cash equivalents	$3,218	$2,329	Percentage allowance
Accounts receivable, net of allowances for doubtful accounts of $88 and $74 as of Dec. 31, 2016 and Dec.31, 2015, respectively	1,272	1,198
Materials and supplies	825	829
Current portion of deferred income taxes	0	245	b.	2016	2015
Other current assets	235	337	A/R
Total current assets	5,550	4,938	Total assets
Property and equipment, net of accumulated depreciation of $6,130 and $4,845, respectively	61,250	59,510
Goodwill	14,845	14,845
Intangible assets, net	430	468
Other assets	2,047	1,942
Total assets	$84,122	$81,703	c.	(in millions)
				2016	2015	2014
Required:			Revenues
a. What proportion of gross accounts receivable does BNSF record as an allowance each year?			AR, net
b. Calculate the common-size amount for accounts receivable, net, for 2016 and 2015.			Average AR, net
c. Compute the accounts receivable turnover for 2016 and 2015. At December 31, 2014, accounts and other receivables, net were $1,386 million.			AR turnover