Cash and Cash Equivalents: Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities. To Calculate: The change in Cash and Cash Equivalents and short term investments as % of total assets at the end of the fiscal year 2015 and 2016 for Under Armour Inc. and Columbia Sportswear.

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Chapter 4, Problem 69.3C

To determine

Concept Introduction:

Cash and Cash Equivalents:

Cash is the category that includes currency, coins, and deposits in bank accounts. Cash Equivalent is the category which includes short term and highly liquid assets which are readily convertible into cash. Liquidity is the term used for company’s ability of payoff its liabilities.

To Calculate:

The change in Cash and Cash Equivalents and short term investments as % of total assets at the end of the fiscal year 2015 and 2016 for Under Armour Inc. and Columbia Sportswear.

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