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the financial statement of Columbia sportswear company are prsented in appendix B. financial statement of VF corporation are ppresented in appendix C.To access Columbia's complete

the financial statement of Columbia sportswear company are prsented in appendix B. financial statement of VF corporation are ppresented in appendix C.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. 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. 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?

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