B C D E G Use this Exce s; show your computations for all ratios on this tab, and also include your commentary. The 2014 financial statements used to calculate these ratios are available in the Investor Relations sections of the Nikeand Under Armour websites. Interpretation and comparison between the two companies' ratios NIKE Under Armour (reading Chapter 13 will help you prepare the commentary) The comparison of the ratios is an important part of the project. A good approach is to briefly exp what the ratio tells us. Indicate whether a higher or lower ratio is better. Then compare the two 5/31/2014 12/31/2014 companies on this basis. Remember that each ratio below requires a comparison. Earnings per Share of Common Stock (basic - common) As given in the income statement 3.05 $0.98 Current Ratio Current assets $13 696 2.72 $1,549,399 3.67 10 current liabilities $5,027 $421,627 11 13 Gross Profit Rate Gross profit $12,446 44 8% $1,512,206 49.0% 14 15 Net sales $27,799 $3,084,370 16 17 Profit Margin Net income $2,693 7% $208,042 6.7% 18 Net sales $27,799 $3,084,370 19 20 21 Inventory Turnover Cost of goods sold $15 353 $1,572, 164 3. 22 53,716 $502, 860 23 Average inventory 24 25 Days in Inventory 365 days 365 188 365 117 20 Inventory turnover 4 1 day 3.1 days 27 9 Accounts Receivable Turnover Net credit sales 527,799 8.5 $3,084 370 12. 6 30 Average net accounts receivable $3,276 $244,894 31 2 Average Collection Period 365 days 365 43 365 29 33 Accounts receivable turnover 85 days 12.6 days 34 35 36 Asset turnover Net sales $27,799 1.54 1.68 37 Average total assets $18,070 $3,084,370 $1,836,412 38 39 0 Return on Assets (ROA) Net income $2,693 14 9% $208,042 11.3% 41 Average total assets $18,070 $1,836,412 42 43 Title Page Profiles Ratios Summary | Bibliography + 57%