$($In thousands, except per share amounts$)$

Year Ended December $31,$

$\backslash$table$[[,$Year Ended December $31,],[,2018,2017,2016],[$Net sales,$$2,802,326,$$$2,466,105,$$$2,377,045],[$Cost of sales,$1,415,978,1,306,143,1,266,697],[$Gross profit,$1,386,34^(8),1,159,962,1,110,348],[$Selling$,$ general and administrative expenses,$1,051,152,910,894,864,084],[$Net licensing income,$15,786,13,901,10,244],[$Income from operations,$350,982,262,969,256,508],[$Interest income, net,$9,876,4,515,2,003],[$Interest expense on note payable to related party $($Note $22),-,(429),(1,041)],[$Other non$-$operating expense,$(141),(321),(572)],[$Income before income tax,$360,717,266,734,256,898],[$Income tax expense $($Note $11),(85,769),(154,419),(58,459)],[$Net income,$274,94^(8),112,315,198,439],[$Net income attributable to non$-$controlling interest,$6,692,7,192,6,541],[$Net income attributable to Columbia Sportswear Company,$ $268,256,$$$105,123,$$ $191,898],[$Earnings per share attributable to Columbia Sportswear Company $($Note $17)$:$],[$Basic$,$$ $,3\mathrm{.}85,$$ $,1\mathrm{.}51,$$ $,2\mathrm{.}75],[$Diluted$,3\mathrm{.}81,1\mathrm{.}49,2\mathrm{.}72],[$Weighted average shares outstanding $($Note $17)$:$],[$Basic$,69,614,69,759,69,683],[$Diluted$,70,401,70,453,70,632]]$

See accompanying notes to consolidated financial statements

COLUMBIA SPORTSWEAR COMPANY CONSOLIDATED STATEMENTS OF COMPREHENSIVE INCOME $($In thousands$)$

Year Ended December $31,$

$\backslash$table$[[,\backslash$table$[[2018]],,],[,2017,2016],[$Net income,$$274,948,$$$112,315,$$$198,439]]$

Other comprehensive income $($loss$)$:

$\backslash$table$[[\backslash$table$[[$Unrealized holding losses on available$-$for$-$sale securities $($net of tax effects of $$17,$ $o$,$ and $o$,],[$respectively$)]],(56),-,(2)],[\backslash$table$[[$Unrealized gains $($losses$)$ on derivative transactions $($net of tax effects of $$(7,782),$$$8,176,$ and $($ $$1,922),],[$respectively$)]],24,262,(18,005),843],[$Foreign currency translation adjustments $($net of tax effects of $$1,557,$$$(4),$ and $$347,$ respectively$),(18,079),34,160,(4,485)],[$Other comprehensive income $($loss$),6,127,16,155,(3,644)],[$Comprehensive income,$281,075,128,470,194,795],[$Comprehensive income attributable to non$-$controlling interest,$7,480,9,617,4,678],[$Comprehensive income attributable to Columbia Sportswear Company,S$273\mathrm{.}596,$$$118,853,$$$190,117]]$ Based on the information in these financial statements, compute the $2018$ return on common stockholders' equity, debt to assets

ratio, and return on assets for each company. $($Enter negative amounts using either a negative sign preceding the number e$.$g$.-45$ or

parentheses e$.$g$.(45).$ Round answers to $1$ decimal places, e$.$g$.15\mathrm{.}2\%.)$

Columbia

Under Armour, Inc.

Return on common stockholders' equity

$\%$

$\%$

Debt to assets

$\%$

$\%$

Return on assets

$\%$

$\%$

$($c$)$

Compute the payout ratio for each company. $($Do not leave any answer field blank. Enter $0$ for amounts. Round answers to $1$ decimal

places, e$.$g$.15\mathrm{.}2\%.)$

Which pays out a higher percentage of its earnings?