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:

1. Look at Under Armour's and Columbia's footnotes. Describe their largest revolving commitment (or credit line) and its related balance at the end of 2016.

2. 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.

3. Calculate Under Armour's and Columbia's long-term debt to equity ratios for 2015 and 2016.

4. Calculate Under Armour's and Columbia's debt to equity ratios for 2015 and 2016.

5. Calculate Under Armour's and Columbia's long-term debt to total assets ratios for 2015 and

2016.

6. Calculate Under Armour's and Columbia's debt to total assets ratios for 2015 and 2016.

7. Comment on Under Armour's and Columbia's debt management.