Question 10 (1 point) Which of the following statements is TRUE about Columbia Sportswear's common sized financial statements? Columbia CONSOLIDATED BALANCE SHEETS (IN MILLIONS OF $) Dec 31, 2010 Dec 31, 2019 ASSETS Cash & cash equivalents $790.7 56660 Investments 13 17 Accounts receivable.net 452.9 Inventories 5565 6060 Prepaid expenses and other 543 95.8 Total current assets 8556 1875 Property, plant and equipment, net 309.8 346.7 Operating lease right of use assets 3393 394-5 Integble assets, net Goodwie 68.6 65.6 Other long-term assets 159.0 22.5 Total assets $2,836.6 $2.931.6 LIABILITIES A STOCKHOLDERS' EQUITY Accounts payable 5306.7 52554 Accrued expenses 380.5 311.5 Current portion of operating lease abilities 65-5 64.0 Total current les 5527 6309 Operating leasellabilirdies 3531 PLS Other long term labuities 98.0 297 Total abilities 038 10 Common stock and additional padin Capital 202 49 Rated earnings 8.9 Accumulated other comprehensive incomellos) 0.8 Total stockholders' equity 893 Total abilities & Stoholders' equity 32.596.6 52.931.6 36 Columbia co CONSOLIDATED STATEMENTS OF INCOME (IN MILLIONS OF S, EXCEPT PER SHARE AMOUNTS) Year ended Dec 2090 Sots Cost of goods sold Gross profe Singen und mitive expenses 4 want charge 225 Nebengcom income trummopero Yew ended De 109 13.00 3. Otopeng income.net 1,011. 0.8 Retained earnings Accumulated other comprehensive income (loss) Total stockholders' equity Total liabilities & stockholders' equity 1,832.8 $2,836.6 10107 (4-3) 1,849-5 $ 2,931.6 Columbia Sports Campar 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 1,2777 Gross profit 1,223.9 Selling, general and administrative expenses 1,076.4 Impairment charges 22.5 Net licensing income 12.1 Income from operations 137.1 Interest income, net 0.4 Other non operating income, net Income before income taxes 139.5 Income tax expense 31.5 Net income $ 108.0 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 2.0 Basic earnings per share $ 1.63 $ 4.87 Columbia's common-sized income statement for the most recent year would show each balance divided by $108.0. Columbia's common-sized balance sheet for the most recent year would show each balance divided by $790.7. Columbia's common-sized income statement for the most recent year would show each balance vided by $2,501.6. Columbia's common-sized balance sheet for the most recent year would show each balance divided by $2,501.6. Previous Page Next Page Page 10 of 36