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Question: Refer to the financial statement information of Under Armour & Columbia Sportswear Under Armour: http://cvg.cengagenow.com/ilrn/books/pnal09h/swf/appb.pdf Columbia: http://cvg.cengagenow.com/ilrn/books/pnal09h/swf/appc.pdf 1. Calculate the accounts receivable turnover ratios for both companies for the most recent year. Assume all sales are on credit. Round your answers to 2 decimal places. Under Armour: _____ times Columbia: _____ times 2. Calculate the average length of time it takes each company to collect its accounts receivable. Use 360 days & round intermediate calculations & final answers to 2 decimal places. Under Armour: _____ days Columbia: _____ days

Refer to the financial statement information of Under Armour & Columbia Sportswear

Under Armour: http://cvg.cengagenow.com/ilrn/books/pnal09h/swf/appb.pdf

Columbia: http://cvg.cengagenow.com/ilrn/books/pnal09h/swf/appc.pdf

1. Calculate the accounts receivable turnover ratios for both companies for the most recent year. Assume all sales are on credit. Round your answers to 2 decimal places.

Under Armour: _____ times

Columbia: _____ times

2. Calculate the average length of time it takes each company to collect its accounts receivable. Use 360 days & round intermediate calculations & final answers to 2 decimal places.

Under Armour: _____ days

Columbia: _____ days

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Top Answer

he formula to calculate Accounts receivable turnover ratio is Net Credit Sales/Average Accounts Receivable. So the accounts... View the full answer

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