Accounting, accounting homework help

User Generated

cnpxwhna

Business Finance

Description

Please see attached instructions and docs.

Unformatted Attachment Preview

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: 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? Use the Week 1 Excel® spreadsheet to show your work and submit with your analysis. 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making C Specimen Financial Statements: VF Corporation https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/2/2@0:0 1/3 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making PRINTED BY: amilsarfraz@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. VF Corporation is a leader in outdoor sportswear. The following are VF's financial statements as presented in its 2014 annual report. To access VF's complete annual report, including notes to the financial statements, follow these steps: 1. Go to www.vfc.com. 2. Select the Investor Relations link and then select Financial Reports. 3. Select the 2014 Annual Report on Form 10‐K. 4. The Notes to Consolidated Financial Statements begin on page F‐10. https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/2/2@0:0 2/3 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making PRINTED BY: amilsarfraz@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/2/2@0:0 3/3 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making B Specimen Financial Statements: Columbia Sportswear Company https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/2/2@0:0.00 1/4 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making PRINTED BY: amilsarfraz@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. Columbia Sportswear Company is a leader in outdoor sportswear. The following are Columbia's financial statements as presented in its 2014 annual report. To access Columbia's complete annual report, including notes to the financial statements, follow these steps: 1. Go to www.columbia.com. 2. Select Financial Information and then Annual Reports under the Investor Relations tab near the bottom of the page. 3. Select the 2014 Annual Report. 4. The Notes to Consolidated Financial Statements begin on page 50. https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/2/2@0:0.00 2/4 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/2/2@0:0.00 3/4 6/30/2017 University of Phoenix: Financial Accounting: Tools for Business Decision Making PRINTED BY: amilsarfraz@email.phoenix.edu. Printing is for personal, private use only. No part of this book may be reproduced or transmitted without publisher's prior permission. Violators will be prosecuted. https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/2/2@0:0.00 4/4 Name Section Date (a) Chapter 8 Comparative Analysis Problem Columbia Sportswear Company vs. VF Corporation Columbia Sportswear VF Corporation (1) Accounts receivable turnover: (2) Average collection period: (b) 475 Comparative Analysis Problem Grading Guide ACC/291 Version 6 Principles of Accounting II Copyright Copyright © 2017, 2016, 2015, 2013 by University of Phoenix. All rights reserved. University of Phoenix® is a registered trademark of Apollo Group, Inc. in the United States and/or other countries. Microsoft®, Windows®, and Windows NT® are registered trademarks of Microsoft Corporation in the United States and/or other countries. All other company and product names are trademarks or registered trademarks of their respective companies. Use of these marks is not intended to imply endorsement, sponsorship, or affiliation. Edited in accordance with University of Phoenix® editorial standards and practices. Comparative Analysis Problem Grading Guide ACC/291 Version 6 Individual Assignment: Comparative Analysis Problem 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. Resources Required Financial Accounting: Tools for Business Decision Making Grading Guide Content Met Partially Met Not Met Total Available Total Earned 5 #/5 Partially Met Not Met Comments: Developed an analysis based on the financial statements of Columbia Sportswear Company presented in Appendix B and the financial statements of VF Corporation presented in Appendix C. Included the following based on the 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. Included conclusions concerning the management of accounts receivable drawn from the data. Analysis was 875 words in length. Writing Guidelines The paper—including tables and graphs, headings, title page, and reference page—is consistent with APA formatting guidelines and meets course-level requirements. Intellectual property is recognized with in-text citations and a reference page. Met Comments: 2 Comparative Analysis Problem Grading Guide ACC/291 Version 6 Writing Guidelines Met Partially Met Not Met Total Available Total Earned 3 #/3 8 #/8 Paragraph and sentence transitions are present, logical, and maintain the flow throughout the paper. Sentences are complete, clear, and concise. Rules of grammar and usage are followed including spelling and punctuation. Assignment Total Additional comments: # Comments: 3
Purchase answer to see full attachment
User generated content is uploaded by users for the purposes of learning and should be used following Studypool's honor code & terms of service.

Explanation & Answer

Hello again, please disregard the word file posted above and use this one instead. The first one is correct, I just added the title to the last section Thank you

MANAGEMENT OF RECEIVABLES

Management of Receivables
(COLUMBIA SPORTSWEAR Versus VF CORPORATION)

1

MANAGEMENT OF RECEIVABLES

2

Abstract
The purpose of this analysis is to explain how ratio analysis can help analysts of the
financial statements understanding the management of accounts receivable – the second
most liquid asset on the balance sheet. In my analysis, I am going to examine the data
for two companies – Columbia Sportswear and VF Corporation, analyzing their credit
and collection policies and provide recommendations if needed.

Management of Accounts Receivable

Since most Sales in the United States are made on credit, the reporting, analysis, and
management of accounts receivable are of great importance.
Definition of Accounts Receivables:
Accounts receivable are the amounts due to a company and expected to be converted to
cash in the short-term (within 30 to 90 days for most companies).
“Receivables are amounts owed to the company by the customers to who company
sell goods or services in the normal course of business. The main purpose of
managing receivables is to meet competition and to increase sales and profits.”i

Having said that, we can see that ...


Anonymous
Awesome! Perfect study aid.

Studypool
4.7
Trustpilot
4.5
Sitejabber
4.4

Related Tags