Question: Comparing Two Companies in the Same Industry: Under Armour and Columbia Sportswear The following information is available from the financial statements included in Form 10-K

Comparing Two Companies in the Same Industry: Under Armour and Columbia Sportswear The following information is available from the financial statements included in Form 10-K for fiscal years 2014 and 2013 for Under Armour, Inc. and Columbia Sportswear Company in thousands of cars Columbia Under Armour Sportswear Inc. Company Net revenues (Net sales for Under Armour Inc & Columbia Sportswear) for the year ended December 31, 2014 $3,084,370 12.100,590 Accounts receivable, net: December 31, 2014 279,835 344,310 December 31, 2013 209.952 306,878 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 x takes each company to collect as accounts receivable. Use 260 days and round intermediate calculations to 2 decimal places and tral answer to the nearest de Under Armour days Columbia Sportswear days 3. Compare the two companies on the basis of your calculations in parts (1) and (2) Under Armour's accounts receivable turnover ratio is Columbia Sportswear's and their average collection periodis statistics with the same measures for Columbia Sportswear It would be helt tumenes

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