Return on AssetsDebt RatioProfit Margin RatioCurrent RatioAcid-Test RatioGross Margin RatioInventory TurnoverDays' Sales UncollectedDays Sales in InventoryAccounts Receivable Turnover Calculate each and show 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

Return on assets is a profitability ratio that provides how much profit a company is able to…

December 31, in thousands) 2020 2019 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 . 452,945 488,233 Inventories, net 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 309,792 346,651 339,244 394,501 .... ...... Intangible assets, net. 103,558 123,595 ******* Goodwill 68,594 68,594 Deferred income taxes 96,126 78,849 Other non-current assets 43,655 $ 2,836,571 $ 2,931,591 63,636 Total assets LIABILITIES AND EQUITY Current Liabilities: 206,697 $ 255,372 Accounts payable Accrued liabilies. Operating lease liabilities 257,278 295,723 65,466 64,019 .... Income taxes payable 23,181 15,801 ....... Total current liabilities 552,622 630,915 ... Non-current operating lease liabilitie. 353,181 371,507 ...... Income taxes payable Deforred income taxes 49,922 48,427 5,205 6,361 ...... Other long-term liabilties 42,870 24,934 Total liabilties 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). (4,425) 806 Total shareholders' equity 1,832,771 1,849,447 Total liabilties and shareholders' equity. $ 2,836,571 $ 2,931,591

3rd Edition

ISBN:9781337788281

Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach

Chapter12: Intangibles

Section: Chapter Questions

Problem 10MC