To answer the following questions please refer to the financial information for

ID: 2488491 • Letter: T

Question

To answer the following questions please refer to the financial information for Under Armour & Columbia Sportswear

Under Armour: http://cvg.cengagenow.com/ilrn/books/pnal09h/swf/appb.pdf

Columbia: http://cvg.cengagenow.com/ilrn/books/pnal09h/swf/appc.pdf

Required: For the following: Enter dollar amounts in MILLIONS, rounded to THREE decimal places. Round percentages to ONE decimal place.

1. What dollar amount does Under Armour report for accounts receivable on its most recent balance sheet? $ ____ million

What percent of the company's total current assets are comprised of accounts receivable? _____%

2. What is the dollar amount of Columbia Sportswear’s accounts receivable on its most recent balance sheet? $ ____ million

What percent of total current assets is comprised of accounts receivable? _____%

1. Dollar amount Under Armour report for accounts receivable on its most recent balance sheet is $134,043,000

Please note that the numbers in the reported filings are in '000.

Percent of the company's total current assets are comprised of accounts receivable = 134,043,000 / 689,663,000 = 19.44%

2. Dollar amount Columbia Sportswear’s report for accounts receivable on its most recent balance sheet is $351,538,000

Please note that the numbers in the reported filings are in '000.

Percent of the company's total current assets are comprised of accounts receivable = 351,538,000 / 1,049,526,000 = 33.49%

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