Textbook Problem

Comparative Analysis: Under Armour, Inc., versus Columbia Sportswear

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

Required:

1. Calculate Under Armour’s and Columbia’s interest earned (accrual) for 2015 and 2016. For Under Armour, the income tax expense can be found on the income statement, while the interest expense can be found in the last paragraph of Note 7. The interest payments and income tax payments can be found on the statement of cash flows. For Columbia, the interest and income tax expenses are on the income statement, while information about the payments is in Note V.