Columbia Sportswear Company reported the following in recent
balance sheets (amounts in millions).
(in millions) | September 30, 2016 |
December 31, 2015 |
||||||
Assets | ||||||||
Current Assets | ||||||||
Cash | $ | 529 | $ | 540 | ||||
Accounts Receivable | 1,356 | 542 | ||||||
Inventories | 1,650 | 704 | ||||||
Prepaid Rent | 92 | 51 | ||||||
Total Current Assets | 3,627 | 1,837 | ||||||
Software | 560 | 208 | ||||||
Equipment | 1,909 | 682 | ||||||
Total Assets | $ | 6,096 | $ | 2,727 | ||||
Liabilities and Shareholders' Equity | ||||||||
Liabilities | ||||||||
Current Liabilities | ||||||||
Accounts Payable | $ | 966 | $ | 699 | ||||
Notes Payable (short-term) | 0 | 2 | ||||||
Income Taxes Payable | 91 | 5 | ||||||
Total Current Liabilities | 1,057 | 706 | ||||||
Notes Payable (long-term) | 215 | 123 | ||||||
Total Liabilities | 1,272 | 829 | ||||||
Stockholders’ Equity | ||||||||
Common Stock | 202 | 62 | ||||||
Retained Earnings | 4,622 | 1,836 | ||||||
Total Shareholders’ Equity | 4,824 | 1,898 | ||||||
Total Liabilities and Shareholders’ Equity | $ | 6,096 | $ | 2,727 | ||||
Required:
Ques 1 | ||
Sep-16 | Dec-15 | |
Total current assets (a) | $ 3,627 | $ 1,837 |
Total current Liaabilites (b) | $ 1,057 | $ 706 |
current ratio(a/b) | 3.43 | 2.60 |
Ques 2-a | Companys current ratio increased from 2.60 to 3.43 | |
Ques 2-b | Company is in a good position to pay of its short term liabilities | |
Ques 3 | ||
Sep-16 | ||
Total current assets (a) | $ 3,617 | |
Total current Liaabilites (b) | $ 1,047 | |
current ratio(a/b) | 3.45 | |
September | ||
30, 2016 | ||
Assets | ||
Current Assets | ||
Cash | $ 519 | |
Accounts Receivable | $ 1,356 | |
Inventories | $ 1,650 | |
Prepaid Rent | $ 92 | |
Total Current Assets | $ 3,617 | |
Liabilities and Shareholders' Equity | ||
Liabilities | ||
Current Liabilities | ||
Accounts Payable | $ 956 | |
Notes Payable (short-term) | $ - | |
Income Taxes Payable | $ 91 | |
Total Current Liabilities | $ 1,047 | |
(cash and liabilities decreased by $10) | ||
Ques 3-b the current ratio increased | ||
Ques 4 | ||
Total assets(a) | 6096 | 6096 |
Total liabilities(b) | 1272 | |
total equity('c) | 4824 | |
%(b/a) | 21% | |
%(c/a) | 79% | |
so the assets are primarily financed by equity |
Columbia Sportswear Company reported the following in recent balance sheets (amounts in millions). (in millions) September...
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shareholders’ equity was $119,355.
Required:
Calculate Apple Inc.’s working capital, current ratio, and
acid-test ratio at September 30, 2017, and September 24, 2016.
Calculate Apple’s ROE for the years ended September 30, 2017,
and September 24, 2016.
Calculate Apple’s ROI, showing margin and turnover, for the
years ended September 30, 2017, and September 24, 2016.
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