Under Armour, Inc., included the following income statement and the comparative balance sheet in its 2011...

 

 

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Under Armour, Inc., included the following income statement and the comparative balance sheet in its 2011 Annual Report. All amounts are presented in thousands of dollars. 2011 2010 2009 Net revenues $1,472,684 $1,063,927 $856,411 Cost of goods sold 759,848 533,420 446,286 Gross margin 712,836 530,507 410,125 Selling, general and administrative 550,069 418,152 324,852 expenses Income from operations 162,767 112,355 85,273 Interest expense, net 3,841 2,258 2,344 Other expense, net 2,064 1,178 511 Income before income taxes 156,862 Income tax provision 59,943 108,919 40,442 82,418 35,633 Net income $ 96,919 $ 68,477 $ 46,785 Cash Accounts receivable Dec. 31, 2011 Dec. 31, 2010 $175,384 $203,870 134,043 102,034 Inventories 324,409 215,355 Other current assets 55,827 34,591 Total current assets 689,663 555,850 Property and equipment 159,135 76,127 Other assets 70,412 43,401 Total assets $919,210 $675,378 Accounts payable $100,527 $ 84,679 Accounts payable $100,527 $ 84,679 Accrued expenses 69,285 55,138 Current portion of long-term debt 6,882 6,865 Other current liabilities 6,913 2,465 Total current liabilities 183,607 149,147 Long-term debt 70,842 9,077 Other long-term liabilities 28,329 20,188 Total liabilities 282,778 178,412 Common stock 17 17 Paid in capital 268,223 224,887 Retained earnings 368,192 272,062 Total stockholders' equity 636,432 496,966 Total liabilities and stockholders' $919,210 $675,378 equity Calculate the following ratios for the year ended December 31, 2011: (Round answers to 2 decimal places, e.g 10.25%.) a. Current ratio b. Acid-test (quick) ratio C. Average collection period d. Average days to sell inventory e. Debt ratio days days % f. Debt-to-equity ratio g. Times interest earned ratio times h. Gross margin percentage % I. Return on assets (tax rate = 35%) % j. Return on common stockholders' equity % k. Earnings per share (51,570 thousand average shares outstanding) /share LINK TO TEXT Calculate the following ratio for the year ended December 31, 2011: (Round answers to 2 decimal places, e.g 10.25%.) a. Price/earnings ratio (year-end market price $35.90) Under Armour, Inc., included the following income statement and the comparative balance sheet in its 2011 Annual Report. All amounts are presented in thousands of dollars. 2011 2010 2009 Net revenues $1,472,684 $1,063,927 $856,411 Cost of goods sold 759,848 533,420 446,286 Gross margin 712,836 530,507 410,125 Selling, general and administrative 550,069 418,152 324,852 expenses Income from operations 162,767 112,355 85,273 Interest expense, net 3,841 2,258 2,344 Other expense, net 2,064 1,178 511 Income before income taxes 156,862 Income tax provision 59,943 108,919 40,442 82,418 35,633 Net income $ 96,919 $ 68,477 $ 46,785 Cash Accounts receivable Dec. 31, 2011 Dec. 31, 2010 $175,384 $203,870 134,043 102,034 Inventories 324,409 215,355 Other current assets 55,827 34,591 Total current assets 689,663 555,850 Property and equipment 159,135 76,127 Other assets 70,412 43,401 Total assets $919,210 $675,378 Accounts payable $100,527 $ 84,679 Accounts payable $100,527 $ 84,679 Accrued expenses 69,285 55,138 Current portion of long-term debt 6,882 6,865 Other current liabilities 6,913 2,465 Total current liabilities 183,607 149,147 Long-term debt 70,842 9,077 Other long-term liabilities 28,329 20,188 Total liabilities 282,778 178,412 Common stock 17 17 Paid in capital 268,223 224,887 Retained earnings 368,192 272,062 Total stockholders' equity 636,432 496,966 Total liabilities and stockholders' $919,210 $675,378 equity Calculate the following ratios for the year ended December 31, 2011: (Round answers to 2 decimal places, e.g 10.25%.) a. Current ratio b. Acid-test (quick) ratio C. Average collection period d. Average days to sell inventory e. Debt ratio days days % f. Debt-to-equity ratio g. Times interest earned ratio times h. Gross margin percentage % I. Return on assets (tax rate = 35%) % j. Return on common stockholders' equity % k. Earnings per share (51,570 thousand average shares outstanding) /share LINK TO TEXT Calculate the following ratio for the year ended December 31, 2011: (Round answers to 2 decimal places, e.g 10.25%.) a. Price/earnings ratio (year-end market price $35.90)

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