The annual report of the Columbia Sportswear Company is presented in Appendix A at the end of this book and the complete annual report of Under Armour, Inc. is on this book's Website.

Required

a. Calculate the accounts receivable turnover and the average collection period for Columbia Sportswear and Under Armour, Inc. for 2017 and 2016. (To calculate the accounts receivable turnover, use the ending net accounts receivable balance as the denominator rather than average net accounts receivable.)

b. Compare the average collection periods for the two companies and comment on possible reasons for the difference in the average collection periods for the two companies.