The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements for VF Corporation

Question:

The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements for VF Corporation are presented in Appendix C.

Instructions

(a) Based on the information in the financial statements, compute these 2014 values for each company.

(1) Inventory turnover. (Use cost of goods sold or cost of sales and inventories.)

(2) Days in inventory.

(b) What conclusions concerning the management of the inventory can you draw from these data?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...