To help you understand and compare the performance of two companies in the same industry. Find the

Question:

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 2014 annual report for Under Armour, Inc., from the Internet. For instructions on how to access the report online, see the Industry Analysis in Chapter 1. The company's financial statements start on page 50.

Requirement

Calculate the inventory turnover for both companies for 2014. 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?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...