Question
1 a) During 2019 GoPro's total current liabilities decreased by how much (in thousands)? b)At the most recent balance sheet date, how much debt does
1
a) During 2019 GoPro's total current liabilities decreased by how much (in thousands)?
b)At the most recent balance sheet date, how much debt does the company have to repay within the next year (in thousands)?
c)At the most recent balance sheet date, how much of the companys debt is not due in the next year (in thousands)?
d)At the most recent balance sheet date, how much in total did the company owe its creditors (in thousands)?
e) True or False
At the most recent balance sheet date, Company owed $15,467 (in thousands) for goods and services customers had paid for in advance.
f) True or False
GoPro owed is vendors and suppliers $160,695 (in thousands) for purchases made on credit at the most recent balance sheet date.
g) True or False
According to the Accrued liabilities note, the company had $9,899 (in thousands) in accrued warranties that was unpaid at the most recent balance sheet date.
h) True or False
Based on the current ratio (current assets / current liabilities), GoPro was less liquid in 2019 than it was in 2018. Round answers to two decimal places (for example, 3.12743 = 3.13).
i) True or False
Based on the debt to assets ratio (total liabilities / total assets), less of GoPro's assets were provided by debt (creditor) in 2019 than in 2018. Round answers to two decimal places (for example, 3.12743 = 3.13).
j) Over the last two reporting periods, company's current liabilities as a percentage of total liabilities (current liabilities / total liabilities)
(i) increased
(iI) decreased
(i) same
(i) cannot be determined
Consolidated Balance Sheets December 31, 2019 December 31, 2018 (in thousands, except par values) Assets Current assets: Cash and cash equivalents Marketable securities Accounts receivable, net Inventory Prepaid expenses and other current assets Total current assets Property and equipment, net Operating lease right-of-use assets Intangible assets, net Goodwill Other long-term assets Total assets 150,301 $ 14,847 200,634 144,236 25,958 535,976 36,539 53, 121 5,247 146,459 15,461 792,803 $ 152,095 45,417 129,216 116,458 30,887 474,073 46,567 13,065 146,459 18,195 698,359 $ 148,478 135,892 Liabilities and Stockholders' Equity Current liabilities: Accounts payable Accrued expenses and other current liabilities Short-term operating lease liabilities Deferred revenue Total current liabilities Long-term taxes payable Long-term debt Long-term operating lease liabilities Other long-term liabilities Total liabilities 160,695 $ 141,790 9,099 15,467 327,051 13,726 148,810 62,961 6,726 559,274 15,129 299,499 19,553 138,992 28,203 486,247 Commitments, contingencies and guarantees (Note 9) Stockholders' equity: Preferred stock, $0.0001 par value, 5,000 shares authorized; none issued Common stock and additional paid-in capital, $0.0001 par value, 500,000 Class A shares authorized, 117,922 and 105,170 shares issued and outstanding, respectively; 150,000 Class B shares authorized, 28,897 and 35,897 shares issued and outstanding, respectively Treasury stock, at cost, 10,710 and 10,710 shares, respectively Accumulated deficit Total stockholders' equity Total liabilities and stockholders' equity 930,875 (113,613) (583,733) 233,529 792,803 894,755 (113,613) (569,030) 212,112 698,359 $ $
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