What company accounts receivable turnover for the year is

Assignment Help Financial Accounting
Reference no: EM132941146

Problem 1: The 2016 financial statements of BNSF Railway Company report total revenues of $19,829 million, accounts receivable of $1,272 million for 2016 and $1,198 million for 2015. The company's accounts receivable turnover for the year is:

Group of answer choices

Option 1: 17.0 times

Option 2: 8.9 times

Option 3: 16.1 times

Option 4: 17.9 times

Option 5: None of the above

Reference no: EM132941146

Questions Cloud

What is the percentage of completion for sm residences : Accounts Receivable P1,200,000; Construction in Progress P6,500,000, Costs incurred to date 5,500,000. What is the percentage of completion in 2019?
What total amount of those four accounts : If the subsidiary's local currency is its functional currency, what total amount of those four accounts should be shown in Tulip's balance sheet in U.S. dollars
What is the impact on the balance sheet after the necessary : State Bank, What is the impact on the balance sheet after the necessary adjustments are made according to book value accounting?
By how much is overhead under- or overapplied for the year : Actual costs for the year turned out to be $1,323,400. By how much is overhead under- or overapplied for the year
What company accounts receivable turnover for the year is : Accounts receivable of $1,272 million for 2016 and $1,198 million for 2015. The company's accounts receivable turnover for the year is
What is the expected net cash flow from operations : Interest payments of $20,000 are paid quarterly in January and April. What is the expected net cash flow from operations for the month of March
What will real impact be on user of financial statements : What will the real impact be on the user of financial statements if an auditor incorrectly includes/reports a limitation of scope paragraph instead
How much will be in arrears for atlanta hawks inc : Dividends were in arrears for 2 years at the start of 2018. Dividends declared for 2018 amounted to P 200,000. How much will be in arrears at the end of 2018?
Prepare necessary general journal entries to record purchase : Prepare necessary general journal entries to record the purchase of the new motor on 1 July 2019 and the purchase of the machine on 1 July, 2018.

Reviews

Write a Review

Financial Accounting Questions & Answers

  Financial statement analysis and preparation

Financial Statement Analysis and Preparation

  Shareholder of a company

Describe the ways that a person can become a shareholder of a company. Why Wal-Mart would split its stock?

  Financial and accounting principles

An understanding of financial and accounting principles can be a valuable tool for managers. While not all managers will find themselves calculating financial ratios or preparing annual financial data.

  Prepare a statement of cash flow using the direct method

Prepare a Statement of Cash Flow using the Direct Method and Prepare the Operations section of the Statement of Cash Flow using the Indirect Method.

  Financial accounting assignment

This assignment has one case study and two question apart from case study. Questions related to document Liquidation question and Company financial statements question - Torquay Limited

  Prepare general journal entries for goela

Prepare general journal entries for Goela Ltd

  Principles of financial accounting

Prepare the journal entry to record the acquisition of the assets.

  Prepare general journal entries to record the transactions

Prepare general journal entries to record the transactions, assuming use of the periodic inventory system

  Global reporting initiative

Compare the view espoused by the economist Milton Friedman about the social responsibilities of business with the views express by Stigler.

  Explain the iasb conceptual frameworks

Explain the IASB Conceptual Framework's perspective of users and their decisions.

  Determine the company''s financial statements

T he focus of the report is to determine the extent to which you are comfortable relying on the financial statements as presented by management .

  Computation of free cash flow

Computation of Free Cash Flow

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd