Access the annual reports of J.C. Penney and Dillards. Find the accounts receivable on each companys balance

Question:

Access the annual reports of J.C. Penney and Dillard’s. Find the accounts receivable on each company’s balance sheet and the notes to the financial statements that are related to those accounts. Which company has the most accounts receivable as a percentage of total assets? What is the percentage of the allowance account to gross accounts receivable for each company? Which company experienced the highest loss rate on its receivables? Why do you think there is a difference? Do the companies finance their receivables? Be prepared to discuss your findings in class.

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... Balance Sheet
Balance sheet is a statement of the financial position of a business that list all the assets, liabilities, and owner’s equity and shareholder’s equity at a particular point of time. A balance sheet is also called as a “statement of financial...

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