The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation
Question:
The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation are presented in Appendix C.
Instructions
(a) Based on the information contained in these financial statements, compute the following 2014 values for each company.
(1) Accounts receivable turnover. (For VF, use "Net sales." Assume all sales were credit sales.)
(2) Average collection period for accounts receivable.
(b) What conclusions concerning the management of accounts receivable can be drawn from these data?
Financial StatementsFinancial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Accounts Receivable
Accounts receivables are debts owed to your company, usually from sales on credit. Accounts receivable is business asset, the sum of the money owed to you by customers who haven’t paid.The standard procedure in business-to-business sales is that... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...
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Related Book For 
Accounting Tools for Business Decision Making
ISBN: 978-1118096895
6th edition
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
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