1. subject: I need help with the week 1 assignment

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

Developan 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?

Usethe Week 1 Excelspreadsheet to show your work andsubmitwith your analysis.

Clickthe Assignment Files tab to submit your assignment.

Materials

• Comparative Analysis Problem Grading Guide
• Week 1 Excel Spreadsheet
• Financial Accounting: Appendix C
• Financial Accounting: Appendix B

Copyri

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) 475 475 ative Analysis Problem any vs. VF Corporation 475 475 Close Review Mode Tour Main Menu Financial Accounting: Tools for Business Decision MakingSearch Icon Library Main Menu Search Table Of Contents Notebook Figures Access More Features Select "Get Started" from the main menu to read your books offline and share your notebook with friends. Next Bookshelf GPS Not Available To gain access, please log in through your course and launch Bookshelf. Still need help? Contact Support. Previous Accessibility request. To further improve readability with assistive technology for a particular title, please contact accessibility@ingramcontent.com Object 1 Next Exam Add Highlight Add Note Copy View Options Resize Text Zoom OutZoom In Zoom Zoom OutZoom In 100% Tap Add Bookmark More Options More Options Print Pages Copy URL B-1 Search Table Of Contents Notebook Figures bookmarks Highlighters Highlighting Mode Fast Highlight View Options below to create your first bookmark. Resize Text Zoom OutZoom In Zoom Zoom OutZoom In 100% Print PagesCopy URL Add BookmarkBookmarks Tap below to create your first bookmark. Add Bookmark Go to Page B-1 Financial Accounting: Tools for Business Decision Making Main Menu JAKINIA OLIVER oliver71@email.phoenix.edu Library Sharing Highlighters Update Library Redeem User Info Devices Bookshelf Support About Feedback Sign Out Powered by Object 2 Close Review Mode Tour Main Menu Financial Accounting: Tools for Business Decision MakingSearch Icon Library Main Menu Search Table Of Contents Notebook Figures Access More Features Select "Get Started" from the main menu to read your books offline and share your notebook with friends. Next Bookshelf GPS Not Available To gain access, please log in through your course and launch Bookshelf. Still need help? Contact Support. Previous Accessibility request. To further improve readability with assistive technology for a particular title, please contact accessibility@ingramcontent.com Object 1 Next Exam Add Highlight Add Note Copy View Options Resize Text Zoom OutZoom In Zoom Zoom OutZoom In 100% Tap Add Bookmark More Options More Options Print Pages Copy URL C-1 Search Table Of Contents Notebook Figures bookmarks Highlighters Highlighting Mode Fast Highlight View Options below to create your first bookmark. Resize Text Zoom OutZoom In Zoom Zoom OutZoom In 100% Print PagesCopy URL Add BookmarkBookmarks Tap below to create your first bookmark. Add Bookmark Go to Page C-1 Financial Accounting: Tools for Business Decision Making Main Menu JAKINIA OLIVER oliver71@email.phoenix.edu Library Sharing Highlighters Update Library Redeem User Info Devices Bookshelf Support About Feedback Sign Out Powered by Object 2 Financial Statement Analysis- Columbia Sportsware 2014 A.R 344,390 Net sales 2100590 For 2014 Receivable turnover= Net sales/ Average accounts receivable This gives 6.0994512036 Average collection period For 2013 Receivable turnover= Net sales/ Average accounts receivable 5.4907683184 Average collection period 2013 306,878 1684996.00 59.0217034262 65.5645948121 Financial Ratio Analysis for VF Corporation 2014 AR 2013AR 1,276,224 776,403 Sales 12,154,784 11302350.00 For 2014 Receivable turnover= Net sales/ Average accounts receivable 9.5240208615 Collection period For 2013 Receivable turnover Average collection period 37.7991612192 14.56 24.7252747253 Financial Statement Analysis- Columbia Sportsware 2014 A.R 344,390 Net sales 2100590 For 2014 Receivable turnover= Net sales/ Average accounts receivable This gives 6.0994512036 Average collection period For 2013 Receivable turnover= Net sales/ Average accounts receivable 5.4907683184 Average collection period 2013 306,878 1684996.00 59.0217034262 65.5645948121 Financial Ratio Analysis for VF Corporation 2014 AR 2013AR 1,276,224 776,403 Sales 12,154,784 11302350.00 For 2014 Receivable turnover= Net sales/ Average accounts receivable 9.5240208615 Collection period For 2013 Receivable turnover Average collection period 37.7991612192 14.56 24.7252747253