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. What percentage of the total common shares issued have Under Armour and Columbia repurchased and retained as treasury shares at December 31, 2016?
2. Calculate Under Armour's and Columbia's dividend yield and dividend payout for the years ended January 31, 2016 and 2015. Use ''Net income available to all stockholders'' (for Under Armour) and ''Net income attributable to Columbia Sportswear Company'' instead of net income in the ratio calculations.
3. Calculate Under Armour's and Columbia's total payout and stock repurchase payout for 2015 and 2016. Use ''Net income available to all stockholders'' (for Under Armour) and ''Net income attributable to Columbia Sportswear Company'' instead of net income in the ratio calculations.
4. Compare Under Armour's and Columbia's stockholder payouts based on the values and trends identified in these stockholder payout ratios.
5. Calculate Under Armour's and Columbia's return on common equity and Columbia's earnings per share (do not calculate Under Armour's EPS as it is difficult to reconcile with the EPS reported on the Income Statement for a couple of complicated reasons-instead simply reference the EPS reported on the Income Statement) for 2015 and 2016. Use ''Total Columbia Sportswear Company shareholders' equity'' instead of total equity. The appropriate stockholders' equity for 2014 was $1,350,300 and $1,343,603 for Under Armour and Columbia, respectively. Use ''Net income available to all stockholders'' (for Under Armour) and ''Net income attributable to Columbia Sportswear Company'' instead of net income in the ratio calculations.
6. Compare the values and trends of these stockholder profitability ratios for Under Armour and Columbia.

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Common Stock Price: Dec. 31, 2016 $29.05 58.30 Dec. 31, 2015 $80.61 48.76 Under Armour Columbia