Financial And Managerial Accounting
Financial And Managerial Accounting
15th Edition
ISBN: 9781337902663
Author: WARREN, Carl S.
Publisher: Cengage Learning,
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Chapter 7, Problem 5MAD

Analyze and compare Nike, lululemon, and Under Armour

Three companies that compete in the athletic and activewear market segment are Nike, Inc. (NKE), lululemon athletica inc. (LULU), and Under Armour, Inc. (UAA). 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):

Chapter 7, Problem 5MAD, Analyze and compare Nike, lululemon, and Under Armour Three companies that compete in the athletic

  1. a. How does the size of these companies, as represented by total revenues, compare to each other?
  2. b. Compute the days’ cash on hand for all three companies. Round all calculations to one decimal place.
  3. c. Comment on the cash sufficiency for these three companies.
  4. d. Which company appears to have the greatest cash liquidity?
  5. e. Why is a ratio used to compare cash sufficiency across the three companies rather than just the companies’ cash balances?
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