Key financial data for Columbia Sportswear and Levi Strauss follow (amounts in millions). Using two ratios included
Question:
Key financial data for Columbia Sportswear and Levi Strauss follow (amounts in millions). Using two ratios included in this chapter, compare their relative abilities to generate ( a ) sales from assets and ( b ) net income from sales. Which company appears more successful on each of the measures?
....................................Columbia Sportswear..................Levi Strauss and Co.
Sales............................................ $1,484...................................... $4,326
Net Income........................................ 77.......................................... 149
Total Assets, 2010............................ 1,295........................................ 3,135
Total Assets, 2009............................ 1,213........................................ 2,989
Step by Step Answer:
a Generating Sales from Assets Columbia Asset turnover Sales Revenue 1484 14...View the full answer
Fundamentals of Financial Accounting
ISBN: 978-0078025372
4th edition
Authors: Fred Phillips, Robert Libby, Patricia Libby
