The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation

Question:

The financial statements of Columbia Sportswear Company are presented in Appendix B. Financial statements of VF Corporation arc presented in Appendix C.

Instructions

(a) Based on the information contained in these financial statements, determine the following values for each company.

(1) Profit margin for 2014. (For VF, use "Total Revenues.")

(2) Gross profit for 2014.

(3) Gross profit rate for 2014.

(4) Operating income for 2014.

(5) Percentage change in operating Income from 2014 to 2013. (For Columbia, use Income from operations.)

(b) What conclusions concerning the relative profitability of the two companies can be drawn from these data?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Corporation
A Corporation is a legal form of business that is separate from its owner. In other words, a corporation is a business or organization formed by a group of people, and its right and liabilities separate from those of the individuals involved. It may...