Columbia Sportswear Companys financial statements are presented in Appendix B.

The financial statements of VF Corporation are presented in Appendix C. .

a) Based on the information contained in these financial statements, compute free cash flow for each company. (Show a negative free cash flow with either a - sign e.g. -15,000 or in parenthesis e.g. (15,000). Enter amounts in thousands.)

b) What conclusions concerning the management of cash can be drawn from the free cash flow data?