Resources: Financial Accounting: Tools for Business Decision Making
Develop an 575-word analysis providing conclusions concerning the management of accounts receivable based on the financial statements of Columbia Sportswear Company presented in Appendix B and the financial statements of VF Corporation presented in Appendix C, including the following:
Â·About the companies. Include information on each of the company’s operations, challenges they are facing and opportunities they plan to pursue.
Â·Based on the information contained in these financial statement, compute the following 2014 values for each company:
oAccounts receivable turnover (For VF, use “Net sales” and assume all sales were credit sales)
oAverage collection period for accounts receivable
Â·What conclusions concerning the management of accounts receivable can be drawn from this data?
Use the Week 1 ExcelÂ® spreadsheet to show your work, use excel formulas to calculate results, and submit with your analysis.