Question
The asset side of the 2013 balance sheet for BNSF Corporation is below. The company reported total revenues of $22,014 million in 2013 and $20,835
The asset side of the 2013 balance sheet for BNSF Corporation is below. The company reported total revenues of $22,014 million in 2013 and $20,835 million in 2012.
Required: a. What proportion of gross accounts receivable does BNSF record as an allowance each year? Interpret the year-over-year change in the ratio. a. Calculate the common-sized accounts receivable, net, for 2013 and 2012. c. Compute the accounts receivable turnover for 2013 and 2012. At December 31, 2011, accounts and other receivables, gross were $1,189 million. d. Does the accounts receivable turnover you calculated above, seem reasonable for a railway company? Explain.
Please answer all parts of the question, math and written essay. Thank You!
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started