Find the Columbia Sportswear Company Annual Report located in Appendix A and go to the Financial Statements

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Find the Columbia Sportswear Company Annual Report located in Appendix A and go to the Financial Statements starting on page 663. Now access the 2014 Annual Report for Under Armour, Inc., from the Internet. For instructions on how to access the report online, see the Industry Analysis in Chapter 1. The company's Financial Statements start on page 50.
Requirement
Calculate the accounts receivable turnover for both companies for 2014. Assume net sales are all credit sales. Who has the highest accounts receivable turnover? Is that good or bad? Is it better to have a high accounts receivable turnover or a low accounts receivable turnover? Explain your answer.
Financial Statements
Financial 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...
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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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