Comparative Analysis Problem (for Accounting Class)

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Description
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 (1 page of Excel and 3 pages of the essay):

Comparative Analysis Problem (for Accounting Class)

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Resources: Financial Accounting: Tools for Business Decision Making
Develop a 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 (I
have attached the financial statements of Columbia Sportwear Company and
VF Corporation and a spate excel sheet for the problem solving):

Comparative Analysis Problem (for Accounting Class)

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1) Introduction.
2) Based on the information contained in these financial statement,
compute the following 2014 values for each company:
a) Accounts receivable turnover (For VF, use “Net sales” and assume all
sales were credit sales)
b) Average collection period for accounts receivable
3) What conclusions concerning the management of accounts receivable can
be drawn from this data?