Companies use ratios to express relationships between items on the Financial Statements; these ratios can identify or highlight important financial results. For the next questions, you are asked to compute various ratios for Columbia Sportswear Company. Some of these ratios have already been discussed in class; others will be new to you. Formulas are provided to help you with these calculations.

Note that whenever a formula asks for an average amount $($such as average assets$),$ add the beginning of the year amount $($which is the same as the ending amount last year$)$ and the end of the year amount, then divide the total by $2.$

Calculate the following ratios for Columbia Sportswear Company for FY $2022$:

$31.$ working capital current assets $-$ current liabilities

$32.$ current ratio current assets current liabilities

$33.$ quick ratio cash $+$ short$-$term securities $+$ net accounts receivables current liabilities

$34.$ accounts receivable turnover net sales revenue turnover average net AR

ssibility: Investigate