The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively The complete annual reports, including the notes to the financial statements, are available online Instructions Use the companies ' financial information to answer the following questions a Wha...

Puma adidas millions millions a 3388 Cash and cash equivalents 123115 Cash and cash equivalents comp ...

The financial statements of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively.

Question:

The of adidas (DEU) and Puma (DEU) are presented in Appendices B and C, respectively. The complete annual reports, including the notes to the are available online.
Instructions
Use the companies' financial information to answer the following questions.
a. What were the cash and cash equivalents reported by adidas and Puma at the end of 2015? What does each company classify as cash equivalents?
b. What were the (net) for adidas and Puma at the end of 2015? Which company reports the greater allowance for doubtful (amount and percentage of gross receivable) at the end of 2015?
c. Assuming that all "Net sales" (adidas) and all "Sales" (Puma) were net credit sales, compute the turnovers for 2015 for adidas and Puma; also compute the days outstanding for receivables. What is your evaluation of the difference?
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...