Relate Inventory Topic to Financial Statements
Find the 2022 Skechers 10-K (if you Google search for it, be sure you are searching for Skechers 2022 10-K, not the 2021 10-K). Find the
Balance Sheet ("Consolidated Balance Sheets") and the Income Statement ("Consolidated Statements of Earnings"). Note Nike FY ends on May
31, while Skechers FY ends on Dec 31. Despite the different FYEs, please compare still Nike's 2022 numbers to Skechers' 2022 numbers for the
questions below.
Please remember that fixed assets are listed as "Property, Plant, & Equipment" or "PPE". Also, please use net earnings, not only US-based
earings. Please round your answers to two digits.
1.
Calculate Skechers 2022 A/R Turnover (assume 90% of sales are credit sales):
2.
Calculate Skechers 2022 Receivables Collection Period:
3.
Between Nike and Skechers, which company is more efficiently using credit sales?
4.
Between Nike and Skechers, which company's accounts receivable are more liquid?