The financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. Financial statements for VF Corporation are presented in Appendix C. Click here to view Appendix C. (a) Based on the information in the financial statements, compute these 2016 values for each company. (Round answers to 1 decimal place, e.g. 15.2.) (1) Inventory turnover. (Use cost of goods sold or cost of sales and inventories.) (2) Days in inventory. CONSOLIDATED STATEMENTS OF OPERATIONS (In thousands, except per share amounts) See accompanying notes to consolidated financial statements COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME (In thousands) See accompanying notes to consolidated financial statements COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED BALANCE SHEETS (In thousands) CONSOLIDATED BALANCE SHEETS (In thousands) Current Liabilities: Commitments and contingencies (Note 13) Shareholders' Equity: Preferred stock; 10,000 shares authorized; none issued and outstanding . Common stock (no par value): 250,000 shares authorized; 69,873 and 69,277 issued and outstanding (Note 14) Retained earnings. Accumulated other comprehensive loss (Note 17) Total Columbia Sportswear Company shareholders' equity Non-controlling interest (Note 4). Total equity. Total liabilities and equity COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF CASH FLOWS (In thousands) Loss on disposal or impairment of property, plant, and equipment. . Deferred income taxes. Stock-based compensation. Excess tax benefit from employee stock plans. (19,178)10,986(11,709)11,672(7,873)(6,978)11,120(4,927) Changes in operating assets and liabilities: Accounts receivable. Inventories . 36,710(18,777)(40,419)(103,296)(31,478)(62,086) Prepaid expenses and other current assets Other assets. ... Accounts payable . Accrued liabilities. Income taxes payable. Other liabilities. Net cash provided by operating activities. \begin{tabular}{ccr} (5,452) & 4,411 & (4,869) \\ (5,948) & (2,524) & 4,291 \\ 1,483 & 11,418 & 41,941 \\ 4,847 & (2,017) & 35,051 \\ 4,768 & (10.994) & 1,166 \\ 2,468 & 4,966 & 6,195 \\ \hline 275,167 & 95,105 \\ \hline \end{tabular} Cash flows from investing activities: Acquisition of business, net of cash acquired. Purchases of short-term investments Sales of short-term investments. Capital expenditures. Proceeds from sale of property, plant, and equipment. Net cash used in investing activities. Cash flows from financing activities: Proceeds from credit facilities. Repayments on credit facilities Proceeds from issuance of common stock under employee stock plans. Tax payments related to restricted stock unit issuances. Excess tax benefit from employee stock plans . Repurchase of common stock . Cash dividends paid. Proceeds from note payable to related party Net cash used in financing activities. Net effect of exchange rate changes on cash Net increase (decrease) in cash and cash equivalents. Cash and cash equivalents, beginning of year Cash and cash equivalents, end of year.. Supplemental disclosures of cash flow information: Supplemental disclosures of non-cash investing activities: Capital expenditures incurred but not yet paid . See accompanying notes to consolidated financial statements COLUMELA SPORTSWEAR COMPANY CONSOL.IDATED STATEMENTS OF EQUTY