Answer all of these, please
E2-14 Calculating and Evaluating the Current Ratio [LO 2-1, LO 2-5] Columbia Sportswear Company reported the following in recent balance sheets (amounts in millions). September December 30, 2016 (in millions) 31, 2015 Assets Currnt Assets Cash $ $ 220 370 372 Accounts Receivable Inventory Prepaid Rent Total Current Assets Software Equipment 485 474 590 33 33 1,249 1.328 139 135 459 458 $1,846 $1,922 Total Assets Liabilities and Shareholders' Equity Liabilities Current Liabilities Accounts Payable Notes Payable (short-term) Income Tax Payable Total Current Liabilities Notes Payable (long-term) Total Liabilities stockholders' Equity Common Stock Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $ 359 304 29 333 366 68 64 401 430 64 30 1,457 1,521 1,386 1,416 $1,846 $1,922 Required: 1. Calculate the current ratio at September 30, 2016 and December 31, 2015. 2-a. Did the company's current ratio increase or decrease? 2-b. What does this imply about the company's ability to pay its current liabilities as they come due? 3-a.Whet would Columbia's current retio have been on September 30, 2016. if the company were to have peid down $10 (million) of its Accounts Payable? 3-b.Does peying down Accounts Payable in this case increase or decrease the current ratio? 4. Are the compeny's total assets financed primarily by liabilities or stockholders equity at September 30, 2016? Complete this question by entering your answer s in the tabs below Req 1 Reg 2A Req 2B Req 3A Req 38 Req 4 Calculate the current ratio at September 30, 2016 and December 31, 2015. (Enter your answers in millions (i.e., 10,000,000 should be entered as 10).) Current Ratio September 30, 2016 December 31, 2015 Numerator S 0 Denominator Req 2A> Required: 1. Calculate the current ratio at September 30, 2016 and December 31, 2015 2-a. Did the company's current ratio increase or decrease? 2-b. What does this imply obout the compeny's ability to pay its current liebilities as they come due? 3-a.What would Columbia's current ratio have been on September 30, 2016, If the company were to have paid down $10 (million) of its Accounts Payable? 3-b.Does paying down Accounts Payable in this case increase or decrease the current ratio? 4. Are the company's total assets financed primarily by liebilities or stockholders equity at September 30. 2016? below. Complete this question by entering your answ ers in the tabs Reg 3B Req 4 Reg 1 Req 3A Reg 2A Req 2B Did the company's current ratio increase or decrease? Olncrease ODecrease Req 2B>
Required: 1. Calculate the current ratio at September 30, 2016 and December 31, 2015 2-a. Did the company's current ratio increase or decrease? 2-b. What does this imply about the company's ablity to pay its current liebilities as they come due? 3-a.What would Columbia's current ratio have been on September 30 2016, if the compony were to have paid down $10 (million) of its Accounts Payable? 3-b.Does paying down Accounts Payable in this case increase or decrease the current ratio? 4. Are the company's total assets financed primarily by liabilities or stockholders equity at September 30, 2016? Complete this question by entering your answers in the tabs below. Reg 4 Reg 3B Reg 3A Req 2B Req 1 Req 2A Does paying down Accounts Payable in this case increase or decrease the current ratio? Olncreases the current ratio. ODecreases the current ratio. Req 4>
