Question:
Financial Accounting: Tools for Business Decision Making, 8th Edition.
Develop an 875-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:
Based on the information contained in these financial statements, compute the following 2014 values for each company:
Accounts receivable turnover (For VF, use "Net sales" and assume all sales were credit sales)
Average collection period for accounts receivable
What conclusions concerning the management of accounts receivable can be drawn from this data?
The essay will comply with APA formatting guidelines and saved as a MS Office Word attachment. Please note that essay submissions saved as a MS Office Excel or another type of software attachment will not be accepted for grading. An introduction and a conclusion paragraphs are required. The essay will have the following two section headings: Accounts Receivable Turnover and Average Collection Period. The questions above are not to be used as section headings. Avoid stating the questions in the body of the essay. The course textbook is the primary source for this assignment. Any other cited sources must include a valid URL to take the reader to the electronic copy of the source. The essay will not be supported if cited sources (in-text citations and References page) are omitted. If the instructor is not able to access the electronic copies by the provided URL links the essay is not supported.
Use the Excel Workbook (provided with the assignment instructions) to show your work (supporting calculations) and submit with your analysis.
Attachment:- Comparative analysis problem.xlsx