Accounting Class , accounting homework help

Anonymous
timer Asked: Apr 3rd, 2017
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Question Description

Purpose of Assignment

The purpose of this assignment is to help you understand the basics of financial statement analysis using financial ratios on the assets section of the balance sheet, data interpretation, and how ratios are used to gain insight about the management of receivable.

Assignment Steps

Resources: Financial Accounting: Tools for Business Decision Making

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:
    • 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?

Use the Week 1 Excel® spreadsheet to show your work and submit with your analysis.

Materials


Tutor Answer

Xaib
School: University of Maryland

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1

Running Head: Financial Accounting

Financial Accounting
Student Name:
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2
Financial Accounting

Introduction
The paper analyzes the financial statement of “VF Corporation & Columbia Sportswear”
by analyzing financial ratios of both companies. This paper will focus on the administration
methodologies of the accounts receivable rather the administration of credit sales and credit
techniques taking after the financial statement and the exposure notes to the financial statement.
VF Corporation
VF Corporation was built up in 1899 in Pennsylvania as the Reading Glove fabricating
by one John Barbey and with the contribution of other stakeholders. The company named
changed to Schuylkill silk producing after it extended to silk business. At times the company
again changed its name to Vanity Fair Silk Mills, Inc. the organization named was changed to
VF Company taking after the reality the it had a several lines of business and items. The
organization is one of the main enterprises in the outside footwear industry offering a number of
items inside the outdoor wear. The organization has additionally been very forceful in obtaining
different business since its foundat...

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Review

Anonymous
Tutor went the extra mile to help me with this essay. Citations were a bit shaky but I appreciated how well he handled APA styles and how ok he was to change them even though I didnt specify. Got a B+ which is believable and acceptable.

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