Days Sales in Inventory Accounts Receivable Turnover Calcute each ratio from the data for 2019 and 2020
Days Sales in Inventory Accounts Receivable Turnover Calcute each ratio from the data for 2019 and 2020
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
Related questions
Question
- Days Sales in Inventory
Accounts Receivable Turnover
Calcute each ratio from the data for 2019 and 2020

Transcribed Image Text:COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED STATEMENTS OF OPERATIONS
Year Ended Decenber 31,
n housanda, encapt per shar amaunta
209 2013
$ 2,501,554 $ 3,042,478 $ 2 802 326
2000
Net sales
Cost of sales
1,277,665
1415.978
1,526,808
1515 670 1 386 348
Gross profit
Seling, general and administrative expenses
Net licensing income
Income from operations.
1,223.889
1,098.948
1,136, 186
1,051,152
12.108
15,487
15786
137.049
394,971
350.982
Interest income, net.
435
8,302
9.876
Other non operating income (expense). net
2.039
2,156
(141)
....
Income before income tax
139,523
405,429
360717
Income tax expense
(31,510)
(74,940)
(85.769
Net income
108.013
330.489
274.948
Net income attrbutable to non-controlling interest
Net income attributable to Columbia Spartswear Company
6.692
268 256
$108.013
$30,489
Earrings per share attributable to Columbia Sportswear Company
Basic
1.63 $
487 S
3.85
Diluted
1.62 $
483 $
3.81
Weighted average shares outstanding
Basic
66,376
67,837
69,614
Diuted
66.772
68.493
70,401
COLUMBIA SPORTSWEAR COMPANY
CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME
Year Ended Decenber 31,
in hosanda
2000
2019
2018
Net income
330,489 $ 274.948
Other comprehensive income (loss):
Unrealized holding gains (losses) on available for sale securies, net
Unrealized holding gains (losses) on derivative transacions (net of
tax effects of $6,271, $830, and $(7,782), respedively)
Foreign aurrency translation adjustments (net of tax effects of S(388).
$2188, and $1,557, respectively)
Other comprehensive income (loss)
Comprehensive income
4.
56
(56)
(18.851)
(2,383)
24.262
24.078
2,064
(18.079
5.231
(263)
6.127
113.244
330,226
281.075
Comprehensive income atributable to non-controling interest
7.480
$113.244$ 330,226 S 273.595
Comprehensive income atributable to Columbia Sportswear Company

Transcribed Image Text:December 31,
(in thousands)
2019
2020
ASSETS
Current Assets:
Cash and cash equivalents.
790,725 $
686,009
Short-term investments
1,224
1,668
Accounts receivable, net of allowance of $21,810 and $8,925, respectively .
Inventories, net
452,945
488,233
556,530
605,968
Prepaid expenses and other current assets
54,197
93,868
Total current assets
1,855,621
1,875,746
Property, plant and equipment, net .
Operating lease right-of-use assets
Intangible assets, net
309,792
346,651
339,244
394,501
103,558
123,595
Goodwill
68,594
68,594
Deferred income taxes.
96,126
78,849
Other non-current assets
63,636
43,655
Total assets
$ 2,836,571 $ 2,931,591
LIABILITIES AND EQUITY
Current Liabilities:
Accounts payable
206,697 $
255,372
Accrued liabilities
257,278
295,723
Operating lease liabilities
65,466
64,019
Income taxes payable
23,181
15,801
Total current liabilities
552,622
630,915
Non-current operating lease liabilities
Income taxes payable
353,181
371,507
49,922
48,427
Deferred income taxes
5,205
6,361
Other long-term liabilities
42,870
24,934
Total liabities
1,003,800
1,082,144
Commitments and contingencies (Note 12)
Shareholders' Equity:
Preferred stock; 10,000 shares authorized; none issued and outstanding
Common stock (no par value); 250,000 shares authorized; 66,252 and 67,561 issued
and outstanding, respectively
20,165
4,937
Retained earnings
1,811,800
1,848,935
Accumulated other comprehensive income (loss)
806
(4,425)
Total shareholders' equity
Total liabilities and shareholders' equity
1,832,771
1,849,447
$ 2,836,571 $ 2,931,591
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