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FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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![The 2013 financial statements for BNSF Railway report the following information:
Year ended December 31,
2013
2012
(In millions)
$20,835
50,070
Revenues
$22,014
52,363
Property and equipment, net
Total assets
75,030
72,014
a. Compute common-sized property and equipment, net for 2013. Does this ratio seem high or low to
you? Explain.
b. Compute property, plant and equipment turnover for 2013. Interpret the ratio.](https://content.bartleby.com/qna-images/question/7f7a65d9-65ad-4e6b-8a07-5ee6371cb424/83268935-1c26-4ccf-b729-916cebc8fe7a/dxfkaab_thumbnail.png)
Transcribed Image Text:The 2013 financial statements for BNSF Railway report the following information:
Year ended December 31,
2013
2012
(In millions)
$20,835
50,070
Revenues
$22,014
52,363
Property and equipment, net
Total assets
75,030
72,014
a. Compute common-sized property and equipment, net for 2013. Does this ratio seem high or low to
you? Explain.
b. Compute property, plant and equipment turnover for 2013. Interpret the ratio.
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