Columbia Sportswear Company reported the following in recent balance sheets $($amounts in millions$).$

$($in millions$)$ June

$30,2022$ December

$31,2021$

Assets

Current Assets

Cash $ $414$ $ $895$

Accounts Receivable $297488$

Inventory $963645$

Prepaid Rent $12186$

Total Current Assets $1,7952,114$

Software $644662$

Equipment $288291$

Total Assets $ $2,727$ $ $3,067$

Liabilities and Shareholders' Equity

Liabilities

Current Liabilities

Accounts Payable $ $551$ $ $600$

Notes Payable $($short$-$term$)6667$

Income Tax Payable $113$

Total Current Liabilities $618680$

Notes Payable $($long$-$term$)377398$

Total Liabilities $9951,078$

Stockholders$$ Equity

Common Stock $11$

Retained Earnings $1,7311,988$

Total Shareholders$$ Equity $1,7321,989$

Total Liabilities and Shareholders$$ Equity $ $2,727$ $ $3,067$

Required:

$1.$ Calculate the current ratio at June $30,2022,$ and December $31,2021.$

$2-$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$.$ What would Columbia$$s current ratio have been on June $30,2022,$ if the company were to have paid down $$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$$s total assets financed primarily by liabilities or stockholders$$ equity at June $30,2022?$