Question

Purpose: To help you understand and compare the performance of two companies in the same industry.
Find the Columbia Sportswear Company Annual Report located in Appendix A and go to the Financial Statements starting on page 000. Now access the 2010 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 45.

Requirement
1. Calculate the accounts receivable turnover for both companies for 2010. Who has the highest accounts receivable turnover? Is that good or bad? Is it better to have a high accounts receivable turnover or a low accounts receivable turnover? Explain your answer. Assume net sales are all credit sales.



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  • CreatedApril 29, 2014
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