Question

Columbia Sportswear Company reported the following in recent balance sheets (amounts in thousands).
Required:
1. Calculate the current ratio at September 30, 2013 and December 31, 2012.
2. Did the company’s current ratio increase or decrease? What does this imply about the company’s ability to pay its current liabilities as they come due?
3. What would Columbia’s current ratio have been on September 30, 2013, if the company were to have paid down $ 10,000 of its Accounts Payable? Does paying down Accounts Payable in this case increase or decrease the current ratio?
4. Are the company’s total assets financed primarily by liabilities or stockholders’ equity at September 30, 2013?


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  • CreatedNovember 02, 2015
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