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 dollars):

Required
1. Calculate the accounts receivable turnover ratios for both companies for the most recent year. Assume all sales are on credit.
2. Calculate the average length of time it takes each company to collect its accounts receivable.
3. Compare the two companies on the basis of your calculations in parts (1) and (2)?

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Under Armour, Inc. Sportswear Company Net revenues (Net sales for Columbia Sportswearl for the year ended December 31, 2014 $3,084 370 $2,100,590 Accounts receivable, net: December 31, 2014 December 31, 2013 279,835 209,952 344,390 306,878