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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 arc available for download from the companion website at CengageBrain.com.

Required:

  1. Calculate Under Armour’s and Columbia’s debt to total assets ratios for 2015 and 2016. (Note: Round answers to two decimal places.)

To determine

Debt to Total asset Ratio:

Debt to total asset ratio is the relationship between the Total liabilities and Total Assets of a corporation. Debt to total asset ratio shows the part of assets financed by debts. It is calculated by dividing total liabilities by total assets. The formula of debt ratio is as follows:

Debt Ratio = Total LiabilitiesTotal Assets

To calculate:

The debt to asset ratio for the year 2016 and 2015 for Under Armour Inc. and Columbia Sportswear.

Explanation

The debt to asset ratio for the year 2016 and 2015 for Under Armour Inc. and Columbia Sportswear is calculated as follows:

...
$ in Thousands Under Armour Inc. Columbia Sportswear
Year 2016 Year 2015 Year 2016

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