Refer to the financial statement information of Under Armour reprinted at the back of the book.

Required

1. Prepare a work sheet with the following headings:

2. Complete the work sheet using each of the account titles on Under Armour's income statement. Round all percentages to the nearest one-tenth of a percent.
3. What observations can you make from this horizontal analysis? What is your overall analysis of operations? Have the company's operations improved over the three-year period?

Transcribed Image Text:

Increase (Decrease) from 2010 to 2011 2009 to 2010 Income S ta tem ent Accounts Dollars Per cent Dollars Percent