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Financial Reporting Problem: Columbia Sportswear Company The financial statements for the Columbia Sportswear Company are available...

Financial Reporting Problem: Columbia Sportswear Company The financial statements for the Columbia Sportswear Company are available on this book’s Website. Required Answer the following questions:

a. How much did Columbia Sportswear’s cash and cash equivalents decrease in 2014?

b. What was the largest source of cash and cash equivalents in 2014?

c. What was the single largest use of cash and cash equivalents in 2014?

d. How much dividends were paid in 2014?

e. Why do depreciation and amortization, both noncash items, appear on Columbia’s statement of cash flows?

Solutions

Expert Solution

a. $ 23,931 decrease in cash & Cash equivalents from 2013.

2014 2013 decrease
                                                         413,558                     437,489                                    23,931

b.

As per the cash flow statement the largest source of cash & Cash equivalents are the income from the operating activities.

c.

Acquisition of business is the single largest use amounting to $ 188,467,000

d.

Cash dividends paid 39,836 in 2014 as per cash flow statements.

e.

Depreciation and amortization are non-cash items but are deducted from the Net income. so to calculate the cash Net Income these are added back since they are not actually paid.

ekkarill92 answered 2 years ago
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