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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

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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  • Days Sales in Inventory
  • Accounts Receivable Turnover

Calcute each ratio from the data for 2019 and 2020

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: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
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
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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