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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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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:

Compare the values and trends of these ratios when evaluating Under Armour’s and Columbia’s short-term liquidity.

To determine

Concept introduction:

Current Ratio:

Current Ratio is measure of the company’s ability to pay off its current liabilities using its current assets. It is calculated by dividing the total current assets by total current liabilities. The formula of the current ratio is as follows:

Current Ratio=Current assetsCurrent liabilities

To discuss:

The Liquidity position of Under Armour and Columbia Sportswear.

Explanation

The Current Ratios for Under Armour and Columbia Sportswear for the year 2016 and 2015 are calculated as follows:

$ in Thousands Under Armour Inc. Columbia Sportswear
Year 2016 Year 2015 Year 2016 Year 2015
Current Assets (A)

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