TOOLS FOR BUSINESS DECISION MAKING

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?Appendix C
  VF Corporation is a leader in outdoor sportswear. The following are VF’s financial statements as presented in its 2014 annual report. To access VF’s complete annual report, including notes to the financial statements, follow these steps:
  Go to www.vfc.com.
  Select the Investor Relations link and then select Financial Reports.
  Select the 2014 Annual Report on Form 10‐K.
  The Notes to Consolidated Financial Statements begin on page F‐10

  Appendix B
  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:
  Go to www.columbia.com.
  Select Financial Information and then Annual Reports under the Investor Relations tab near the bottom of the page.
  Select the 2014 Annual Report.
  The Notes to Consolidated Financial Statements begin on page 50.

 

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