Nike, lululemon, and Under Armour: Days’ cash on hand
Three companies that compete in the athletic and activewear market segment are Nike, Inc., lululemon athletica inc., and Under Armour, Inc. Nike is the largest designer and seller of athletic footwear and apparel in the world. Lululemon designs and sells technical athletic apparel featuring yoga, fitness, and dance-inspired wear. Under Armour designs and sells athletic apparel featuring high-performance fabrics for men and women around the world. Selected financial information for a recent year follows (in millions):
Nike | lululemon | UnderArmour | |
Balance sheet: | |||
Cash | $ 2,220 | $ 664 | $ 593 |
Temporary investments | 2,922 | ||
Income statement: | |||
Operating expenses | 8,766 | 538 | 1,158 |
Depreciation expense | 518 | 58 | 72 |
Total revenues | 27,799 | 1,797 | 3,084 |
to each other?
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