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

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 starting on page 740. 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 start on page 45.

Requirement
1. Calculate the inventory turnover for both companies for 2010. Who has the highest inventory turnover? Is that good or bad? Is it better to have a high inventory turnover or a low inventory turnover?

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