DISH Network Corporation (DISH) provides satellite-based entertainment services to residential and business customers. Services are billed and collected on a monthly basis. DISH Network reported the followin (in millions) for two recent years: Year 2 Year 1 $12,808 $13,621 Sales Accounts receivable: Beginning of year End of year a. Determine the accounts receivable turnover for Year 1 and Year 2. Round your answers to one decimal place. Year 1 Year 2 640 588 654 640 Accounts Receivable Turnover b. Compute the number of days' sales in receivables for Year 1 and Year 2. Assume 365 days in a year. For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place. Days' Sales in Receivables c. The accounts receivable turnover Year 1 days Year 2 indicating a in the efficiency of collecting receivables. days in the efficiency of collecting accounts receivable. The days' sales in receivables 7 also indicating

DISH Network Corporation (DISH) provides satellite-based entertainment services to residential and business customers. Services are billed and collected on a monthly basis. DISH Network reported the followin (in millions) for two recent years: Year 2 Year 1 $12,808 $13,621 Sales Accounts receivable: Beginning of year End of year a. Determine the accounts receivable turnover for Year 1 and Year 2. Round your answers to one decimal place. Year 1 Year 2 640 588 654 640 Accounts Receivable Turnover b. Compute the number of days' sales in receivables for Year 1 and Year 2. Assume 365 days in a year. For interim computations, carry amounts out to one decimal place. Round your final answers to one decimal place. Days' Sales in Receivables c. The accounts receivable turnover Year 1 days Year 2 indicating a in the efficiency of collecting receivables. days in the efficiency of collecting accounts receivable. The days' sales in receivables 7 also indicating

Corporate Financial Accounting

14th Edition

ISBN:9781305653535

Author:Carl Warren, James M. Reeve, Jonathan Duchac

Publisher:Carl Warren, James M. Reeve, Jonathan Duchac

Chapter8: Receivables

Section: Chapter Questions

Problem 8.3ADM

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Analyze DISH Network DISH Network Corporation (DISH) provides satellite-based entertainment services to residential and business customers. Services are billed and collected on a monthly basis. DISH Network reported the following (in millions) for two recent years: 20Y4 20Y3 Sales $15,034 $15,069 Accounts receivable: Beginning of year 864 951 End of year 753 864 a. Determine the accounts receivable turnover for 20Y3 and 20Y4. Round to one decimal place. 20Y3 20Y4 Accounts Receivable Turnover fill in the blank 1 fill in the blank 2 b. Compute the number of days’ sales in receivables for 20Y3 and 20Y4. Use 365 days and round all calculations to one decimal place. 20Y3 20Y4 Number of Days’ Sales in Receivables fill in the blank 3 days fill in the blank 4 days c. The change in the accounts receivable turnover from 20Y3 to 20Y4 indicates a(n) in the efficiency of collecting accounts receivable and is a(n) trend. The change…
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eBook Show Me How Print Item Accounts Receivable Analysis A company reports the following: Sales $531,440 Average accounts receivable (net) 20,440 Determine (a) the accounts receivable turnover and (b) the number of days' sales in receivables. Round interim calculations to the nearest dollar and final answers to one decimal place. Assume a 365-day year. a. Accounts receivable turnover fill in the blank 1 b. Number of days' sales in receivables fill in the blank 2 days
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eBook Show Me How Question Content Area Accounts receivable turnover and days’ sales in receivables For two recent years, Robinhood Company reported the following: Line Item Description 20Y9 20Y8 Sales $7,906,000 $6,726,000 Accounts receivable: Beginning of year 600,000 540,000 End of year 580,000 600,000 a. Determine the accounts receivable turnover for 20Y9 and 20Y8. Round your answers to one decimal place. b. Determine the days’ sales in receivables for 20Y9 and 20Y8. Assume 365 days in a year. Round intermediate calculations and final answers to one decimal place.
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Accounts receivable turnover and days' sales in receivables Best Buy is a specialty retailer of consumer electronics, including personal computers, entertainment software, and appliances. Best Buy operates retail stores in addition to the Best Buy, Media Play, On Cue, and Magnolia Hi-Fi websites. For two recent years, Best Buy reported the following (in millions): Sales: year 2: $39528 and year 1: $40339 Accounts receivable at end of year: year 2: 1162 and year 1: 1280 Assume that the accounts receivable (in millions) were $1,308 at the beginning of fiscal Year 1. Compute the accounts receivable turnover for Year 2 and Year 1. Round to two decimal places. Compute the days' sales in receivables at the end of Year 2 and Year 1. Use 365 days and round to one decimal place. What conclusions can be drawn from (1) and (2) regarding Best Buy's efficiency in collecting receivables? What assumption did we make about sales for the Best Buy ratio computations that might distort the ratios and…