Columbia Sportswear Company vs Under Armour, Inc. The financial statements for the Columbia Sportswear Company can be found in Appendix A at the end of this book, and the financial statements of Under Armour, Inc. can be found in Appendix B (the complete annual report is available on this book's Website).

Required 

Answer the following questions:

a. Compute the free cash flow in 2017 for both Columbia Sportswear and Under Armour, Inc.

b. Compute the operating cash flows to capital expenditures for both Columbia Sportswear and Under Armour, Inc.

c. Comment on the ability of each company to finance its capital expenditures.