Current Attempt in Progress The financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. Financial statements of VF Corporation are presented in Appendix C. Click here to view Appendix C. (a) Based on the information contained in these financial statements, compute the following 2016 values for each company. (Round onswers to 1 decimal place, eg. 15.2. Use 365 days for calculation. 1. Accounts receivable turnover. (For VF, use "Net sales." Assume all sales were credit sales.) 2. Average collection period for accounts receivable. Columbia Sportswear Company is a leader in outdoor sportswear. The following are Columbia's financial statements as presented in its 2016 annual report. The complete annual report, including notes to the financial statements, is available at the company's website. COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) comcsaus sromrswin conravy als almasendy costsents srourswexz coserANr covsot manis axt-axce shiner5 COLLMBA SPORTSWEAR COMPANY: CONSOLIDATED STATHMENTS OE CNS FLOWS (In thounasde). Vear Eaited Dermiler 31. Cash flows frum epcrating activitie: Net iokoes Deprociation and ampetimation -. activinich: Defres incontie take- Stockbased eampenseion. Erces tus beocfit trom coployee sick plami. Changes in epenting asest and lishilices Accounts reccivatic Fiepaid eypenses and ehor come visets: Inentitic: Other asiets. Nocouth payminte. Acerved liabilities. Inconve teves pagalie Other liatilibes. Cash flows frem inveliag activities Perchater of short-term invectment Safet of thot tere inveincots. Capinal elpesditare. Pioceedt froen ale of pooperty. plant, atif oquitencet. Cash flows from finascing activilies Procesds from eredit facilities Tus peyments trlated to tratrictod dock weit isinatsces Evcess tax benefit from employee stock plits Ripurduace of eataman sack Cash dividendi puid. Phaseds trom note poyyble wo relised pury Net iffect of exelanges rate changes in fon cadt Net increase (decrease) in carh and cash equivalents. Cach and cmb equivilents, besinaing of yrar Cavh and cash cguivalents, end of year. Suppleaiental Alisolonares of caab foon informatioke Supplemental difsclasures of bon-cash investing activities: See accomparying nctes to comsolidated fitancial statements B-4 APPENDIX B Specimen Financial Statements: Columbia Sportswear Company COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF EQUITY (In thousands) BALANCE, JANUARY 1,2014 Net income:- Oiber comprehensive incoune (loss): Unrealized holding gains on available-for-salc VF Corporation is a leader in outdoor sportswear. The following are VF's financial state:ments as presented in its 2016 annual report. The complete annual report, including notes to the financial statements, is available at the company's website. VF CONPORATIOX Cecoolisated Balance Sbects Dencesbine XC Specimon Finantial Stotements:vF Corporation. VF CORFOANATIN Cosiolidated Statennente of Canh I Jew See nokes is cobsolidated financial suicments. C-A APPENDIXC Specimen Financial Sutemente if Cerporation VF CORTORATION Consolidated Statements of Stechwiders' Equity See ootei to contillated finscial cutements