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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
Resources: Financial Accounting: Tools for Business Decision Making
Develop an 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 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?
Use the Week 1 Excel® spreadsheet to show your work and submit with your analysis.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 1/7
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
Columbia Sportswear Company is a leader in outdoor sportswear. The following are Columbia’s
financial statements as presented in its 2014 annual report. 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 begin on page 50.
http://www.columbia.com/
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 2/7
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 3/7
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 4/7
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 5/7
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 6/7
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/48!/4/4/14/2@0:14.1 7/7
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/4/10/2@0:5.38 2/5
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/4/10/2@0:5.38 3/5
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/4/10/2@0:5.38 4/5
PRINTED BY: james.a.murray@email.phoenix.edu. Printing is for personal, private use only. No part of this book
may be reproduced or transmitted without publisher’s prior permission. Violators will be prosecuted.
1/22/2018 University of Phoenix: Financial Accounting: Tools for Business Decision Making
https://phoenix.vitalsource.com/#/books/9781119228301/cfi/6/50!/4/4/10/2@0:5.38 5/5
Ch 8 Comp Analysis Prob
| Name | Chapter 8 Comparative Analysis Problem | ||||||||||||||||||||
| Section | |||||||||||||||||||||
| Date | Columbia Sportswear | VF Corporation | |||||||||||||||||||
| (a) | |||||||||||||||||||||
| (1) Accounts receivable turnover: | |||||||||||||||||||||
| (2) Average collection period: | |||||||||||||||||||||
| (b) |
475
