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The financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. Financial statements of VF Corporation are
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 answers to 1 decimal place, e.g. 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 VF Corporation Accounts receivable turnover times times Average collection period days days
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