Questions:
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 statement, compute the following 2014 values for each company:
o Accounts receivable turnover (For VF, use "Net sales" and assume all sales were credit sales)
o Average collection period for accounts receivable
• What conclusions concerning the management of accounts receivable can be drawn from this data?