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Calculate the accounts receivable turnover ratio

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Using BP Southwest AirlinesUsing your selected company's financial statement, & , Reading and Using the Annual Report Case Study. This choice will work only if the companies are using the straight-line depreciation method. The company's choice of depreciation method can be located in the notes to the financial statement in the annual report. If the companies do not use this method or do not have long-term assets, you will need to choose other companies.

Problem 1: Calculate the average life, average age, and asset turnover ratios. Discuss what each ratio tells you in the context of BP & Southwest Airlines.

Problem 2: Calculate the accounts receivable turnover ratio and convert that ratio into days. Discuss what each ratio tells you in the context of BP & Southwest Airlines.

Reference no: EM132969792

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