ACC 291 Week 1 Assignment Help | University Of Phoenix
- University of Phoenix / ACC 291
- 09 Aug 2020
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ACC 291 Week 1 Assignment Help | University Of Phoenix
Comparative Analysis Problem
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.
Click the Assignment Files
tab to submit your assignment.
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