The Asset Side of the 2016 Balance Sheet for BURLINGTON

Short Answer

The asset side of the 2016 balance sheet for BURLINGTON NORTHERN SANTA FE, LLC (BNSF) is below. The company reported total revenues of $19,829 million in 2016 and $21,967 million in 2015.
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.
b. Calculate the common-size amount for accounts receivable, net, for 2016 and 2015.
c. Compute the accounts receivable turnover for 2016 and 2015. At December 31, 2014, accounts and other receivables, net were $1,386 million.
d. Does the accounts receivable turnover you calculated above, seem reasonable for a railway company? Explain.