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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Accounts receivable turnover is indicative of financial performance .This ratio indicates the effectiveness in collecting cash from accounts on sale . The higher the ratio the more favorable it is considered.
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