Analyze DISH NetworkDISH 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: 20Y420Y3Sales$15,034 $15,069 Accounts receivable: Beginning of year864 951 End of year753 864 a. Determine the accounts receivable turnover for 20Y3 and 20Y4. Round to one decimal place. 20Y320Y4Accounts Receivable Turnoverfill 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. 20Y320Y4Number of Days’ Sales in Receivablesfill 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 in the days' sales in receivables is a(n) trend.

Accounts receivable: It is a current asset of an organization. It is the amount due from customers…

Answered: Analyze DISH Network DISH Network…

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 in the days' sales in receivables is a(n) trend.

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