Gross Margin RatioInventory TurnoverDays' Sales UncollectedDays Sales in InventoryAccounts Receivable TurnoverSolve each show your work December 31,(in thousands)20192020ASSETSCurrent Assets:Cash and cash equivalents.790,725 $686,009Short-term investments1,2241,668Accounts receivable, net of allowance of $21,810 and $8,925, respectively .Inventories, net452,945488,233556,530605,968Prepaid expenses and other current assets54,19793,868Total current assets1,855,6211,875,746Property, plant and equipment, net .Operating lease right-of-use assetsIntangible assets, net309,792346,651339,244394,501103,558123,595Goodwill68,59468,594Deferred income taxes.96,12678,849Other non-current assets63,63643,655Total assets$ 2,836,571 $ 2,931,591LIABILITIES AND EQUITYCurrent Liabilities:Accounts payable206,697 $255,372Accrued liabilities257,278295,723Operating lease liabilities65,46664,019Income taxes payable23,18115,801Total current liabilities552,622630,915Non-current operating lease liabilitiesIncome taxes payable353,181371,50749,92248,427Deferred income taxes5,2056,361Other long-term liabilities42,87024,934Total liabities1,003,8001,082,144Commitments and contingencies (Note 12)Shareholders' Equity:Preferred stock; 10,000 shares authorized; none issued and outstandingCommon stock (no par value); 250,000 shares authorized; 66,252 and 67,561 issuedand outstanding, respectively20,1654,937Retained earnings1,811,8001,848,935Accumulated other comprehensive income (loss)806(4,425)Total shareholders' equityTotal liabilities and shareholders' equity1,832,7711,849,447$ 2,836,571 $ 2,931,591 COLUMBIA SPORTSWEAR COMPANYCONSOLIDATED STATEMENTS OF OPERATIONSYear Ended Decenber 31,n housanda, encapt per shar amaunta209 2013$ 2,501,554 $ 3,042,478 $ 2 802 3262000Net salesCost of sales1,277,6651415.9781,526,8081515 670 1 386 348Gross profitSeling, general and administrative expensesNet licensing incomeIncome from operations.1,223.8891,098.9481,136, 1861,051,15212.10815,48715786137.049394,971350.982Interest income, net.4358,3029.876Other non operating income (expense). net2.0392,156(141)....Income before income tax139,523405,429360717Income tax expense(31,510)(74,940)(85.769Net income108.013330.489274.948Net income attrbutable to non-controlling interestNet income attributable to Columbia Spartswear Company6.692268 256$108.013$30,489Earrings per share attributable to Columbia Sportswear CompanyBasic1.63 $487 S3.85Diluted1.62 $483 $3.81Weighted average shares outstandingBasic66,37667,83769,614Diuted66.77268.49370,401COLUMBIA SPORTSWEAR COMPANYCONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOMEYear Ended Decenber 31,in hosanda200020192018Net income330,489 $ 274.948Other comprehensive income (loss):Unrealized holding gains (losses) on available for sale securies, netUnrealized holding gains (losses) on derivative transacions (net oftax 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 income4.56(56)(18.851)(2,383)24.26224.0782,064(18.0795.231(263)6.127113.244330,226281.075Comprehensive income atributable to non-controling interest7.480$113.244$ 330,226 S 273.595Comprehensive income atributable to Columbia Sportswear Company

a) Gross margin = Gross profit ÷ Net sales = 1,223,889 ÷ 2,501,554 = 0.4893 or 48.93%

Answered: Gross Margin Ratio Inventory Turnover…

Gross Margin Ratio Inventory Turnover Days' Sales Uncollected Days Sales in Inventory Accounts Receivable Turnover Solve each show your work

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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imcomplete i still need Inventory turnoverCurrent ratio Quick ratio Fixed charge coverage
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