According to the National Sporting Goods Association ( 2013 ) , sporting goods in the United States is a nearly $ 60 billion industry . Sports apparel and athletic footwear are two of the largest categories of this industry . Under Armour is a fast - growing competitor in the sports apparel and athletic footwear categories in which Nike has long been recognized as the leader . Use the financial ratios for Nike tha you compute and the financial ratios for Under Armour provided throughout chapter 2 to compare the financial health of Nike and Under Armour 1 . Compute the following financial ratios a . Current Ratio b . Quick Acid Test Ratio C. Total Asset Turnover Ratio d . Inventory Turnover Ratio e . Debt Ratio Interest Coverage Ratio 8 . Net Profit Margin Ratio . Return on Equity Ratio 1 . Market Value Ratio 1 . Price to - earnings Ratio 2 . In what ratio areas is Nike stronger than Under Armour ? Explain and support your answer 3 . In what ratio areas is Under Armour strong than Nike ? Explain and support your answer 4 . If you were an investor considering purchasing stock in either Nike or Under Armour , which company would you choose ? Explain and support your answer 5 . If you were a bank manager or other investor considering a request to loan money to either Nike or Under Armour to which company would you choose to provide a loan ? Explain and support your