Ratio Analysis for Columbia Sportswear Refer to the financial statements of Columbia Sportswear reprinted at the back of the text book. 1. Computer the following ratios and other amounts for each two years, ending December 31, 2011, and December 31, 2011. Because only two years of data are given on the balance sheets, to be consistent, you should use year end balances for each in Lieu of average balance. Assume 360 days to a year. State any other necessary assumptions in marking the calculations. Round all ratios to the nearest one-tenth of a percent. A. Working capital B. Current ratio C. Acid-test ratio d. Cash flow from operations to current liabilities e. Debt-to-equity ratio f. Cash flow from operations to capital expenditures g. Assets turnover h. Return on sales I. Return on assets j. Return on common stockholders equity

2. What is your overall analysis of the financial health of Columbia Sportswear?

Requirements 1. Compute the required ratios under part1 for Columbia based on the financial statements in the back of the book in appendix. 2. Comment on Columbia liquidity has it been improving or declining? 3. Does the company appear to be solvent? Explain your answer. 4. Comment to the profitability of Columbia. would you buy stock in the company? Why or why not?