ACC 291 Week 1 Assignment Comparative Analysis Problem
Adoption of a different inventory method for each of the last three years . IFRS Multiple Choice Question 05 IFRS ==============================================
ACC 291 Week 1 Assignment Comparative Analysis Problem
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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 : What conclusions concerning the management of accounts receivable can be drawn from this data ? Accounts receivable turnover ( For VF , use “ Net sales ” and assume all sales were credit sales ) Average collection period for accounts receivable