Find the Columbia Sportswear Company Annual Report located in Appendix A and go to the Consolidated Financial Statements starting on page 663. Now access the 2014 Annual Report for Under Armour, Inc., from the Internet. For instructions on how to access the report online, see the Industry Analysis in Chapter 1. The company's financial statements start on page 50.
Requirement
Calculate the debt ratio for both companies for 2014 and 2013. Generally speaking, what does a debt ratio tell you? Specifically, what does the difference between the debt ratios for these two companies for the two years tell you?