As of December 31, 2019, how many shares of common stock are

Class A

Class B

Class C

Combined

(a) authorized?

(b) issued?

(c) outstanding?

(d) held in the treasury?

19.What is the average issue price per share for the common stock (must be calculated)?

20.What is the company's total stockholders' equity?

21.What specific name does Under Armour use for its income statement?

22.How much net revenue did Under Armour report for 2019?Did this amount increase or decrease from the 2018 amount?

23.According to the Footnotes, when does Under Armour recognize sales revenue?

24.What is Under Armour's largest expense reported on the income statement?

25.On its income statement, Under Armour reports income tax expense (benefit) of 70,024.However, companies often actually pay a different amount for taxes than is reported. Sometimes there are differences between accounting income determined using GAAP and taxable income, which is determined using tax rules.Sometimes there are differences in the timing of recognition of revenues and expenses.Either of these can lead to a company's reporting one amount as tax expense and actually paying a different amount.

Using information provided at the bottom of the statement of cash flows, how much did Under Armour actually pay (in cash) for income taxes in 2019?

26.On the income statement, companies report their net income, and also provide information about net income on a per share basis.In the current year, what was Under Armour's basic earnings (loss) per common share (total for Class A, B, and C)?Did this amount increase or decrease from the previous year?By how much?

In the current year, what was Under Armour's diluted earnings per common share (total for Class A, B, and C)?Did this amount increase or decrease from last year?By how much?

27.Did Under Armour pay cash dividends during FY 2019?If so, how much in total?

28.The Statement of Cash Flows shows increases and decreases in cash in three categories:Operating, Investing, and Financing activities.For Under Armour in 2019, which category (ies) reported increases?Which reported decreases?

29.On the Statement of Cash Flows, which investing activity caused the largest increase in cash DURING 2019?The largest decrease?

30.On the Statement of Cash Flows, which financing activity caused the largest increase in cash DURING 2019?The largest decrease?

Companies use ratios to express relationships between items on the Financial Statements; these ratios can identify or highlight important financial results.For the next questions, you are asked to compute various ratios for Under Armour. Some of these ratios have already been discussed in class; others will be new to you.Formulas are provided to help you with these calculations.

Note that whenever a formula asks for an average amount (such as average assets), add the beginning of the year amount (which is the same as the ending amount last year) and the end of the year amount, then divide the total by 2.

Calculate the following ratios for Under Armour for FY 2019:

31.working capital current assets - current liabilities

32.current ratiocurrent assets

current liabilities

33.quick ratiocash + short-term securities + net accounts receivables

current liabilities

34.accounts receivablenet revenue

turnoveraverage AR

35.days' sales in average AR

Receivablesnet revenue/365

36.inventory turnovercost of goods sold

average inventory

37.return on commonnet income (loss) - preferred dividends(see note below)

equityaverage common stockholders' equity

38.# times interest earnednet income (loss) + interest exp + income tax exp (benefit)

interest expense

39.debt to equity ratiototal liabilities

total stockholders' equity

40.gross profit percentagegross profit

Net revenue

Note:Since Under Armour has no preferred stock issued, there are no preferred dividends; total equity is common stockholders' equity.