Assignment # 1: Article Critique – Flint Michigan Water Crisis (10 points): Write up will include: • Typed, double-spaced, one-inch margins, Times New Roman 12 pt font; Use Microsoft Word • Length: 2 pages • Paper must include but not limited to 2 references • Reference ALL sources used in your paper (APA style) • It is recommended that you take your paper to the Writing Center State in your own words: • The background of the Flint Michigan Water Crisis; describe the short and long term environmental impacts as a result of this crisis; and identify at least two health risks associated with this crisis • Identify a population who you think is unfairly treated through this event; explain why it is unfair • Describe what is currently being done to abate the problem • Identify the research and policy implications of this article and propose any new recommendations for solving the problem • Ensure writing has appropriate word usage, sentence structure, and minimal spelling and grammatical errors • Check last page of syllabus for due date and time • NO LATE ASSIGNMENTS ACCEPTED

 

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he 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.

Name
Section
Date
	(a)	Columbia Sportswear			VF Corporation
	(1) Accounts receivable turnover:
	(2) Average collection period:
	(b)

 

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