Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

I need help find the Return on common stockholders' equity for BOTH companies! Thank you Based on the information in these financial statements, compute the

image text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribedimage text in transcribed

I need help find the "Return on common stockholders' equity" for BOTH companies! Thank you

Based on the information in these financial statements, compute the 2014 return on common stockholders' equity, debt to assets ratio, and return on assets for each company. (Round answers to 1 decimal places, e.g. 15.2%.) Columbia Sportswear Company VF Corporation Return on common stockholders' equity Debt to assets 24.4 43.6 Return on assets 8.4 10.3 COLUDELA SPORTSWEAR COMPANY CONSOLIDATIED STATEVIENTS OF OPERATIONS Die Damm , cxpet album svovoumour ICS) YHTE EDT 31, 2013 2014! 2012 $ $ $ 1,669,563 2,100,590 1,145,009 954,951 1,684,996 $4.1,341 743,655 716,394 6,956 13,795 131,724 503 13,769 133,328 1,004 379 Net sales Coat of sales Gross profit Selling, oneral and achisimizirativo expenses Net licensing income IMOBIE from operatione Interest income, net Jdmdat expranas Con DC wykle po tel . ALIY (Note 22) Other non-operating expense Impons bofors in ons laz Income tax expense (Note 11) Necincome Net income (loss) attributable to non-controlling interest Nec income atbubble to Columbia Sportswear Company Earnings per share attributable to Columbia Sportswear Company (Note 17): Esxic Diluted Weislated average shores ous.c. 1s (Noce 17) Basic Diluted (34,048) (274) 198,321 (56,662) 141,99 4,686 37,173 (871) 131,426 (37,823) 99,603 (738) 94341 $ $ $ 39,90 $ $ 1.97 1.94 137 $ 1.36 1.46 69,807 68,756 67,680 See alcoolCOPHYLLE Utes to carmalidaded :Ciceccomikel wizdanie COLUMNSLA BIRORTSWEAR CUPANY CONSOLDATED KALAN SEISJETE (Ir dhe mode) Taxember SL 2014 413,558 $ 437,489 344,390 306,878 57,001 52,041 33,081 1.250,472 39,175 1,266,041 291,56 143,731 36,288 22,280 25,017 $ ASSETS Current Assets: Cash and cash equivalents Shorl-Immo investments Accounts receivable, net (Note 6) Inventarine Deferred income taxes (Note 11) Pro pacicil capisca Aud olur muuut acts Total current assets Property, plant, and squiciasnt, Det Noos 7) Intangible assets, net (Notes 3,8) Goodwill (Notso 3,9) Other non-current assets Total asgsts LIABILITIES AND EQUITY Cunst Liabilito Accounts payable Accrosd lisMilities (Nots 10) Income taxes payable (Note 11) Dafted income taxs Nats 11) Total current liabilities Nole payable to relied outy (Note 22) Other long-term liabilities (Notes 12, 13) ITCOI Txea puyable No. 11) Deferred income taxes (Note 11) Total liabilities Commitments and contingencies (Note 14) Shareholder' Equity Preferred stock; 10,000 shares authorized: none issued and outstanding Cextultuan stuck (ro HT Walue): 250.000 skaren aldea-izodil: 68,878 xul. 59 190 is Not 19) Retained earnings ADSUTI. the ITS CUM IN Total Columbia Sportswear Company shareholders' equity Non controlling in 1 (Note 5) Total equity Totul Bulalities such equity 214,275 144,288 14,388 173,557 120397 7,251 301,254 373,120 15,728 35,435 29,527 3,304 7,959 352,724 claud qumi. 1,157,733 35360 1.245,418 1,255,070 15,832 1,343,603 11,631 1,355,234 1,792,209 1,252,864 1,005,58 $ $ See accompanying notes to consolidated 5.caucial statements GAINSOLIDATED STATKOMENTS OF COMPREHENSIVE INCOME (In thousands) Yer kuded Descober 31, 2013 2012 $ 141,859 $ 93,603 $ 99,859 10 7,751 3 (1261) (7) 4,745) Net income OCET Bugreevive loan: Unrealized holding gains (losses) on available-for-sale securities (net of tax (expense) benefit of ($5), ($2), and $4, respectively) Ccorralized yaina (lears) on clerivasive traduction (ret of luck ( t erme) benefit of ($1,507), and ($171), Impactively) Foreign currency translation adjustments (net of tax benefit (expense) of $1,023, ($191) and ($59), respectively) Ochor commodonzivs logo Comprehensive income Comprehensive income (los) attribuable o non-conbollins interest Comprehensive income attributable to Columbia Sportswear Company 4,518 (27,789) (20,028) 121,831 4,165 $ 117,646 (9,861) (11,119) 82,484 99,625 $ 83,038 $ 99,625 See acom WLLYL.X mulle to corkoliduteal 6.uxucial antenarta CONSOLIDATED STATEMENTS OF CASH FLOWS (In thoumnda) Yerr Erded Desember 11, 2013 2014 2012 Cash flows from operating activities: 14.017 481 9,344 1,582 11,120 7,833 8,878 (1,92 Nations Adjustments to reconcile net income to net cash provided by operating activities: Deprecision ad seno O. Loss on disposal or impairment of property, plant, and equipment Deared in one takes Stock-based compensation R etak bansit Domingo Ebook qils.Dx Changes in operating assets and liabilities: Eccolta receivable Inventories Prepaid expense and other collect 323te Other assets Accounta payable Accrued liabilities Incore teks yukle Other liabilities Net cash provided by operating cities Cash flows from investing activities: 031478) (62,086) 18,166 2.951 34,089 (4.215) 31,711 12.210 4,291 4-1,941 35,051 1,166 6,195 185,783 (1.259) (12390 (5,199) (11. 02 3,126 148,618 2,356 274.275 (48,243) (125.390) (83.969) Acquisition of Businer, Det of cash acquired Purchases of short-term investments Saleo of aban-temn investments Capital expenditures Proceeds true. w.le al property, plaut, vad equipmasa: Net cash used in investing activities Caxi Love from imoving Let TLS (60,283) 71 (184,027) (69,443) 111 (116,086) (50,491) 7199 (85,042) 52.356 69,136 100,654 19,537 14,600 22,277 0,141) 4,927 (1500) 16,072 1,532 1,016 Proceeds from credit facilities Kepayments on wredit facilities. Proceeds from issuance of common stock under employee stock plans Tsx pent/chladud riisil widzot je..19.088 Excess tax benefit from employee stock plans keperluae at comunica stock Proceeds from note payable to related party Ca piiloibution livm 200-omrolling interest Cash dividends paid Net cash used in filzucing divities Net effect of exchange rate changes on cash Nors (de ) n. , A. et endvaikertas Cash and cash equivalents, beginning of year : 51. *t:l 1:0, * , ' UP (39,836) (29,780) (15,700) 1,821 (11,137) (31,298) (4.679 (6,805) 144,78 290,781 437 499 437,489 413,538 241,034 290,781 $ $ $ Supplemental disclosures of cash flow information: Cash paid during the year for income in. Supplemental disclosures of non-cash investing activities: Czacial exprchitures incurred but udt yet pedid 7.19% 5,19% $313 Seu Com.P.XI.Le murtuu to cukoliclud. Picwucial staigamente CONSOLIDATED STATEMENTS OF LOUITY (In Louwinda) .png Stepalkita'qul Culturer. SEITSE Cuan. Stuck Sex urutma AJAT 67276 $ 3,037 - No eurhus Tretmareste Trial Ivkid at: itti $ 1,134,611 99,859 sest need Odbor Cannabis IM S - - 99,859 BALANCE, JANUARY 1, 2012 Net income Od dankthensive insoce (loso: Unrealized holding losses on available-for-sale securities, net Unreslized bulding lo2es on derivative hamaction, (173) 4,518 4,518 13,114 1,036 7.833 (29.780) 13,114 1.086 7,833 - TIT 68,150 24,814 1.094.690 46,663 1,166,167 95.506 (1,261) (1.261) (1024) 184. Foreign currency translation adjustment, net Cal divideduncle ($0.14. bare Issuance of common stock under employee stock plans, net Tak adjustment fransbuck Alana Stock-based compensation expense Repulchase of WILL BE BALANCE, DECEMBER 31, 2012 Neline (Joed Other comprehensive income (loss): Unreslized balding guline on available-for-ele Scuttina, et Unrealized holding losses on derivative transactions, net Fonsigo. CU:DOCE ETEELLION SJAA, LET Cash dividends ($0.46 per share) L'EX4 & cxc0cm od wie 90 prys etud. p.:04 Capital contribution from non-controlling interest Temeljitend . Sud.pleos Stock-based compensation expense BALANCE, DECEMBER 31, 2013 Net income Que y Susive ICADE (love): Unrealized holding gains on available-for-sale securities, net Unrealized balding gana co dzvedive taumbestian, cd Foreign currency translation adjustment, net Cua dividenda ($0.57 per bre Issuance of common stock under employee stock plans, net Tex adjustua. Ebok p16.00 Stock-based compensation expense Repurchase Of Amon stock BALANCE, DECEMBER 31, 2014 - 8,000 (31,298) 17,746 8,000 1,3K? 8,878 1,252.864. 141,859 - 8,878 62,190 1,137,783 137,173 - 7,446 4,686 - - - 10 7,751 10 7,751 (27,789) (27,288) 1,059 - - 19,136 5,119 11,120 - TI 19,136 5,112 11,120 (15.000 1,355,234 69,828 $ 72,700 $ 1,255,070 S 15,833 $ 11,631 $ See accompanying rotus to consolicited firsucial statemuerte VF CORPORATION Corous collidae Rulluk Sihamos December 03 Inclusosatuta, chham 0. AUDIE S $ 971,895 1,276,224 1,482,804 194,285 300,646 776,403 1,360,443 1,399,062 169,321 177,753 942,181 932,792 1,824,956 2,021,750 $17,718 $ 10,315,443 $ 9,980,140 ASSETS Current sets Cash and equivalents Accurants receivable, lozs allowance for doubitul scorenta at 26,694 in 2014 and $45,350 in 2013 Inventories Debral income inkas Other current assets Totul Cum s Property, plant and equipment burtsudible ETS Goodwill OILET BLOSSNIS Total assets LIABILITIES AND STOCKHOLIDCRS EDITY Current liabilities Short-tim borowing Current portion of long-term debt Accorate Days.51a Accrued liabilities Totul Kuumut babilities Long-term debt Older Listes Commitments and contingencies Singkoden Preferred Stock, par value $1; shares authorized, 25,000,000; no shares outstanding in 2014 and 2013 Common Stock lated value $0,25; dua authorized, 1,200,000,000; 432,859,891 Luer outstvu.cling in 2014. and 440,310,370 in 2013 Additional paid-in capital lated oth contorsivo in.com la Retained earnings Totul stackholders' equity Total liabilities and stockholders' equity 21.822 3,975 18,810 5,167 638,732 905,292 903,602 1,820,241 1,423,581 1303436 1,426,829 1,243,575 108.215 2,993,186 (702,272) 3,231,753 5,630,882 $ 9,980,140 110,078 2,746,590 (211,720) 3,432,090 S 10,315,443 maricate s som. VF CORPORATION Condidated Sons of Income Year End I canbus Tiri ithipJ.JNLTUEle, ATMEET: P.y: shs.T:9 $ 12,154,784 S 11,302,350 $ 10,766,020 117,298 12,282,161 11,419,648 10,879,855 Net sales Royalty frogome Total revenues Come woord. O ex OSS Cost of goods sold SeUume, bec aud www.itive expenses Impairment of goodwill and intangible assets 6,288,190 5,931,469 5,817,880 396,362 10344,437 1,437,724 6,911 (86,725) 9,414,588 1,465,267 1,647,147 4,141 (84,773) (93,605) 1,352,366 Operating income ILLETELU. Interest expense OUT I.COWE (expectee), cet Income before income taxes Income taxes Net income Nmingiile submontabile in m Net income attributable to VF Corporation common stockholders Izumimees per comic.com1 chce atxilable w VI Curpolatilcm cumunu wekho.de Basic Mus Cash dividends per common share 1,562,490 352371 1,210,119 1,421,875 335,737 1,086,138 1,047,505 $ 1,047,505 $ 1,210,119 $ 1,085,999 $ s $ 2.42 238 1.1075 2.76 2.71 0.9150 2.47 2.43 0.7575 $ S $ N otain ransolidated mancial statement VII CORPORATION Comolitarbed. Suwmerk of Comprobamive Income Y E ..DANCINGAT 20:15 meus $1,210,119 $1,047,505 $1,086,138 (469,663) 6,075 1,252 9,443 (173,959) (203,234) 37,918 5,445 146,746 85,356 1,270 3,357 37,013 Net income Criting' tp:(Unite: htirt# buNatus (L.) Foreign currency translation Gaida Losses) acriing durinz yekur Less income tax effect Defined benefit pension pluus Current year actuarial gains (losses) and plan amendments mortization of net deferred subscrial langso Amortization of deferred prior service costs Lego incong tuz effect Derivative financial instruments Grins (logace) ariaine during year Less income tax effect Reclassification to net income for (din lumea Italized Less income tax effect Mucketable securities Gains (losses) arising during year Lese income tax cticct Other comprehensive income (loss) Comprehensive come including poolMrJamz c este Comprehensive (income) loss attributable to noncontrolling interests Campureuthemsilva Leone attitut 20 VF Carport Hom (34,736) 32,111 (12,619) (6,139) 3,196 (12,169) 4,782 19:555 3,976 (15,883) 6,199 (401) (698) 274 (490,552) S$6.952 1,239 (54.2) 242,175 1,452,294 (32,418) 1,053,720 (139) $1,059,581 $ 556,953 $1,452,204 Non nonvalidat pinnoiyatro S. VF CORPORATION Complicated Statemes opCash Flow Per Ed Textuber 2016 1912, I wanted $ 1,047,505 $1210,119 $1,086,138 157.810 148,969 41,058 172,443 42,061 60,379 104,313 (2,198) 19,864) (78,064) 49,676 87,113 15,756 (28,102) (12,370) 19,264 20,198) (20,797) 4,112 14,306 (40,931) 854 (155,053) (111,571) 75,073 69,807 (44,144 41,989 22,614 1,697,629 (74,294) 26,313 (35,912) Operating activities Not insoms Adjustments to reconcile net income to cash provided by operating activities: Thmpairment of goodwilac.i intangible assets Depreciation Amortintion ofiztangible seadis Other amortization Stork-based compensatice Provision for doubtful accounts FELLOnGXpere le tuu muutabridan Deferred income taxes Gjon sale ofbudexed Other, net Curapes in. opentine wote ecce lixbibiiee, niet of paucibus nad alea ofhuainoma Accounts receivable Ic.verionice Accounts payable Ec.google.ee Accrued liabilities Other assets and lisbilitica Cash provided by operating activities Goving activities Capital expenditures Blusa acquisitione, Let of cell acquired Proceeds from sale of businesses Sonte VUJE Other, net Cazinsed by izvesting stivities Financing activities Nel incisis de base in gom-bom borowing Payments on long-term debt Purchase offreasury stock Cash dividends paid Pc fum iamumas: Couton Stack, wet utalmore withild fortalen Tax benefits of stock-based compensation OUT, Let Cash used by financing activities Frict of breyr. STO.Cyruto sharACA QL si ard civCIO Net change in cash and equivalents gauder - Heyning OT YENU" Cash and equivalents - end of year 84,472 1,506,041 1,275,000 (234,077) (271,153) (251,940) (1,750) 72,519 (27,235) (8,230) (25.131) 1350273 (404,872) (4,760) 4727,793) (478,933) 34,869 64,437 (2,776) 0307282) (333,229) (402,136) 48,029 48,140 47.213 (1,107,421) (983,831) (802,515) 195,492 178,942 597,461 S 776,403 256,233 34-1,378 $ 597,461 $ 971,895 S Haterials VE CORPORATION Connolicum Statement telkoldere Equiliy Sock VT Comezotheca mekao ADOL 2ldad Aat Nam Compudicante Cantan . AJDA, it gla mou.1.18 $110,557 $2,316,107 $ (421,477) No Guntime Benim Encantara 3.2016 442,227,924 $ (816) $2,520,804 1,085.999 (333,229) 6,072.920 6,663,932 (2018) 1,666 211,761 (34,435) Test 47,091 (15,263) 440,818,936 $110,205 $2,527,868 $ (453,895) $ $2,941,447 1210,119 (402,136) -- Balance, December 2011 Noticon Dividends on Common Stock Futures of X Y plock Stock-based compensation, net Diaposition of'nonoor trolling in Foreign currency translation Defined benfit pension place Derivative financial instruments Maketable securities Balance, December 2012 Noticum Dividends on Common Stock Fuences of the stock Stock-based compensation, net Forbien cuiToy translation Defined benefit pension plans Derivative funcial instructs Marketable securities Balance, December 2013 Netingom Dividends on Common Stock Furol.10.of tree sock Stock-based compensation, net Fumbien cumOY 118mxls.tion Defined benefit pension plans Derivative financial inchiments Marketable securities cs, Dagmuluar 2014! 16.849,160) 6,340,594 (712) 1,585 218,722 (36,932) 110,315 143,087 440,310,370 $110,078 $2,746,590 697 $ (211,720) $ - $3,432,090 1,047,505 (478,933) 1724,786 (44,123) (12,037,000) 4,586,521 1.146 246,596 (99,683) 73.143 (424) 492,889,891 $1.08,2.15 $12,999,184 702,772 $3,331,753 $ - See notes in malicufundi Streerta

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions