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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Case 4-69 Comparative Analysis: Under Armour, Inc� versus Columbia Sportswear

Refer to the 10-K reports Of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com.

Required:

1. How much cash and equivalents and short-term investments (or current marketable securities) did Columbia and Under Armour hold as a percentage of total assets at the end of 2015 and 2016? (Hint: It may help to do a search for 'Sequivalents" in a word or pdf version of the 10-K.)

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 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.

Explanation

The 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 are calculated as follows:

    Under Armour Inc.
    $ in thousandsYear 2016 Year 2015
    Cash and cash equivalents (A) 250,470 129,852
    Short-term investments (B) - -
    Total Assets (C) 3,644,331 2,865,970
    Cash and cash equivalents as % of Total Assets (A/C)6.87%4.53%
    Short-term investments as % of Total Assets (B/C) 0.00%0...

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