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ACC/291Week 1Gary FooteJuly 17, 2017Comparative analysis problem
Looking at a companies financial statement we are able to gather allot of information on the financial health of a company. I will be able to provide conclusions concerning the management of accounts receivable based on financial statements from Columbia Sportswear Company and VF Corporation. Based on the information in their financial statements we will determine the accounts receivable turnover for both companies in 2014. We will also determine the average collection for Accounts Receivable based on their turnover rate.Accounts Receivable TurnoverAccounts receivable turnover is anefficiency ratio or activity ratio that measures how many times a business can turn its accounts receivable into cash during a period. In other words, the accounts receivable turnover ratio measures how many times a business can collect its average accounts receivable during the year. ("Accounts Receivable Turnover ", 2017). Looking at the Columbia sportswear financial statement I was able to see their account credit sales. I look at the financial statement and I saw the 2014