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,8th Edition.

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 statements, 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?

The essay will comply with APA formatting guidelines and saved as a MS Office Word attachment.Please note that essay submissions saved as a MS Office Excel or another type of software attachment will not be accepted for grading.An introduction and a conclusion paragraph are required.The essay will have the following two section headings:Accounts Receivable Turnover and Average Collection Period.The questions above are not to be used as section headings.Avoid stating the questions in the body of the essay.The course textbook is the primary source for this assignment.Any other cited sources must include a valid URL to take the reader to the electronic copy of the source.The essay will not be supported if cited sources (in-text citations and References page) are omitted.If the instructor is not able to access the electronic copies by the provided URL links the essay is not supported.

Usethe Week 1 ExcelWorkbook (provided with the assignment instructions) to show your work (supporting calculations) andsubmitwith your analysis.

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