Question: Industry Analysis Purpose: To help you understand and compare the performance of two companies in the same industry. Find the Columbia Sportswear Company annual

Industry Analysis 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 financial statements starting on page 663. Now access the 2016 annual report for Under Armour, Inc., online. For instructions on how to access the report, see the Industry Analysis in Chapter 10. The company's financial statements start on page 57. Requirement 1. Calculate the inventory turnover for both companies for 2016. 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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