company ( Under Armour.) look up for the Form 10-Ks. To follow are a list of questions and other requirements. You are to use your Form 10-Ks for your companies to answer the questions.

Inventory

1. On which financial statement do you find Inventory? List the page number from the most recent Form 10-K where you found Inventory for your company. How much does the company have in Inventory at the end of the most recent fiscal year? Is this inventory dollar amount in thousands, millions, or billions?
2. On which financial statement do you find Cost of goods sold? List the page number from the most recent Form 10-K where you found Inventory for your company. What was Cost of Goods Sold for the most recent year? Is this Cost of Goods Sold dollar amount in thousands, millions, or billions?
3. What cost flow assumption method(s) does the company use for its inventories? Where did you find this information?
4. What do you know about the lower of cost or market related to inventories at the company?
5. Calculate the gross profit percentage for the company for the three most recent years. What does this ratio mean?
6. Calculate and interpret the inventory turnover ratio for the most recent fiscal year.