Question: Comparing Two Companies in the Same Industry: Under Armour and Columbia Sportswear Refer to the financial statement information ofUnder ArmourandColumbia Sportswear. Required: 1. Calculate the

Comparing Two Companies in the Same Industry: Under Armour and Columbia Sportswear

Refer to the financial statement information ofUnder ArmourandColumbia Sportswear.

Required:

1. Calculate the accounts receivable turnover ratios for both companies for the most recent year. Assume all sales are on credit. Round your answers to 2 decimal places.

Under Armour	times
Columbia Sportswear	times

2. Calculate the average length of time it takes each company to collect its accounts receivable. Use 360 days and round intermediate calculations and final answers to 2 decimal places.

Under Armour	days
Columbia Sportswear	days

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