Gildan Activewear Inc. is mainly in the business of manufacturing and selling active wear, socks, and underwear. Exhibits 9.14A and 9.14B contain the statements of financial position and statements of earnings and comprehensive income from Gildan's 2016 annual report. EXHIBIT 9.14A Gildan Activewear Inc.'s 2016 Consolidated Statements of Financial Position GILDAN ACTIVEWEAR INC. Consolidated Statements of Financial Position (in thousands of U.S. dollars) January 1, January 3, 2017 2016 $ 38,197 $ 50,675 277,733 306,132 954,876 851,033 69,719 42,934 2,840 1,340,525 1,253,614 Current assets: Cash and cash equivalents (note 6) Trade accounts receivable (note 7) Inventories (note 8) Prepaid expenses, deposits and other current assets Assets held for sale Total current assets Non-current assets: Property, plant and equipment (note 9) Intangible assets (note 10) Goodwill note 10) Deferred income taxes (note 18) Other non-current assets Total non-current assets Total assets 1,076,883 1,044,389 354,221 336,753 202,108 190,626 1,500 2,793 14,907 6,105 1,649,619 1,580,666 $2,990,144 $2,834,280 $ 234,062 $ 232,268 1,866 953 235,928 233,221 600,000 375,000 37,616 Current liabilities: Accounts payable and accrued liabilities Income taxes payable Total current liabilities Non-current liabilities: Long-term debt (note 11) Other non-current liabilities (note 12) Total non-current liabilities Total liabilities Commitments, guarantees and contingent liabilities (note 23) Equity: Share capital Contributed surplus Retained earnings Accumulated other comprehensive income Total equity attributable to shareholders of the Company Total liabilities and equity 34,569 634,569 870,497 412,616 645,837 152,313 150,497 23,198 14,007 1,903,525 2,022,846 40,611 1,093 2,119,647 2,188,443 $2,990,144 $2,834,280 EXHIBIT 9.14B Gildan Activewear Inc.'s 2016 Consolidated Statements of Earnings and Comprehensive Income GILDAN ACTIVEWEAR INC. Consolidated Statements of Earnings (in thousands of U.S. dollars) 2016 2015 Net sales Cost of sales Gross profit Selling, general and administrative expenses (note 16(a)) Restructuring and acquisition-related costs (note 17) Operating income Financial expenses, net (note 14(c)) Earnings before income taxes Income tax expense (note 18) Net earnings Other comprehensive income (loss), net of related income taxes: Cash flow hedges (note 14(d)) Actuarial loss on employee benefit obligations (note 12(a)) $2,585,070 1,865,367 719,703 336,433 11,746 371,524 19,686 351,838 5,200 (15 months) $2,959,238 2,229,130 730,108 387,963 14,908 327,237 17,797 309,440 4,526 304,914 346,638 39,518 (5,239) 34,279 $ 380,917 8,825 (10,000) (1,175) $ 303,739 Comprehensive income Earnings per share: (note 19) 1.47 $ 1.26 Basic (1) Diluted (1) $ $ 1.47 $ 1.26 (1) All earnings per share data and share data reflect the effects of the two-for-one stock split which took effect on March 27, 2015. (a) Calculate the company's working capital for 2016 and 2015. (Enter amounts in US$ thousand.) 2016 2015 Working capital $ $ e Textbook and Media Save for Later Attempts: 0 of 3 used Submit Answer (b). Calculate the current and quick ratios for 2016 and 2015. (Round answers to 1 decimal place, eg. 15.1.) 2016 2015 Current ratio Quick ratio Comment on trends. Current ratio
