1) columbia sportswear's day inventory was ___ in the most recent year
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Dec. 31, 2019 1.2 Columbia Sportswear Company CONSOLIDATED BALANCE SHEETS (IN MILLIONS OF $) Dec. 31, 2020 ASSETS Cash & cash equivalents $790.7 Investments Accounts receivable, net 452.9 Inventories 556.5 Prepaid expenses and other 54.3 Total current assets 1,855.6 Property, plant and equipment, net 309.8 Operating lease right-of-use assets 339.2 Intangible assets, net 103.6 Goodwill 68.6 Other long-term assets 159.8 Total assets $ 2,836.6 $686.0 1.7 488.2 606.0 93.8 1,875.7 346.7 394.5 123.6 68.6 122.5 $ 2,931.6 $206.7 280.5 65.5 552.7 LIABILITIES & STOCKHOLDERS' EQUITY Accounts payable Accrued expenses Current portion of operating lease liabilities Total current liabilities Operating lease liabilities Other long-term liabilities Total liabilities Common stock and additional paid in capital Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities & stockholders' equity 353.1 98.0 1,003.8 $255.4 311.5 64.0 630.9 371.5 79.7 1,082.1 4.9 1,848.9 (4.3) 1,849.5 $ 2,931.6 20.2 1,811.8 0.8 1,832.8 $ 2,836.6 Columbia Sportswear Company CONSOLIDATED STATEMENTS OF INCOME (IN MILLIONS OF $, EXCEPT PER SHARE AMOUNTS) Year ended Dec 31, 2020 Net sales $ 2,501.6 Cost of goods sold 1,277.7 Gross profit 1,223.9 Year ended Dec 31, 2019 $ 3,042.5 1,526.8 1,515.7 (IN MILLIONS OF $, EXCEPT PEK SHARE AMOUNTS) Year ended Dec. 31, 2020 $ 2,501.6 1,277.7 1,223.9 1,076.4 22.5 12.1 Net sales Cost of goods sold Gross profit Selling, general and administrative expenses Impairment charges Net licensing income Income from operations Interest income, net Other non-operating income, net Income before income taxes Income tax expense Net income Year ended Dec. 31, 2019 $ 3,042.5 1,526.8 1,515-7 1,135.8 0.4 15.5 395.0 8.3 2.1 405.4 74.9 $330.5 137.1 0.4 2.0 139.5 31.5 $108.0 Basic earnings per share $ 1.63 $ 4.87 Columbia Sportswear's Current Ratio was in the most recent year. 2.3 O 2.8 3.4 O 0.3 Columbia Sportswear's Profit Margin % was in the most recent year. O 8.5% O % 51.1% O 4.3% O 1.6% Which of the following statements is TRUE about Columbia Sportswear's common- sized financial statements? Columbia's common-sized income statement for the most recent year would show each balance divided by $108.0. Columbia's common-sized income statement for the most recent year would show each balance divided by $2,501.6. Columbia's common-sized balance sheet for the most recent year would show each balance divided by $2,501.6. Columbia's common-sized balance sheet for the most recent year would show each balance divided by $790.7
