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
- Comparative Analysis Problem Grading Guide
- Week 1 Excel® Spreadsheet
- Financial Accounting: Appendix C
- Financial Accounting: Appendix B
Explanation & Answer
Hi Thanks again for your order! Your delivery is enclosed. If there are any problems, please let me know. I'll get back to you as soon as I can. Thanks again and have a great day! :)
1
Running Head: Financial Accounting
Financial Accounting
Student Name:
Course/Number:
Due Date:
Faculty Name:
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...