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Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881

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BuyFindarrow_forward

Cornerstones of Financial Accounti...

4th Edition
Jay Rich + 1 other
ISBN: 9781337690881
Textbook Problem
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Comparative Analysis: Under Armour, Inc., vs. Columbia Sportswear

Refer to the 10-K reports of Under Armour, Inc., and Columbia Sportswear that are available for download from the companion website at CengageBrain.com.

Required:

What amounts do Under Armour and Columbia report for inventories in their consolidated balance sheets at December 2016 and December 2015?

To determine

Inventories comprise principally of completed products and are conveyed at the lower of expense or market. Cost is resolved utilizing the first-in, first-out technique. The Company occasionally audits its inventories for overabundance, close-out or moderate moving things and makes arrangements as important to appropriately reflect stock esteem.

To choose:

What amounts do Under Armour and Columbia report for inventories in their consolidated balance sheets at December 2016 and December 2015?

Explanation

COLUMBIA SPORTSWEAR COMPANY

The general objectives of our working capital administration endeavors are to keep up the base dimension of stock important to convey products on time to our clients to fulfill end buyer request and to limit the process duration from the buy of stock from our providers to the gathering of records receivable adjusts from our clients.

Particular 2016 ($) 2015 ($)
United States 308,721 298,591
LAAP 95,033 98,986
EMEA 42,195 41,294
Canada 33,017 33,561
Total 487,997 473,637

Under Armour, Inc...

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