Comparative Analysis Problem: Columbia Sportswear Company vs Under Armour, Inc. The

financial statements for the Columbia Sportswear Company and Under Armour, Inc. are available

on this books Website.

Required

Answer the following questions:

a. Compute the free cash flow in 2014 for both Columbia Sportswear and Under Armour, Inc.

b. Compute the operating cash flows to capital expenditures for both Columbia Sportswear and

Under Armour, Inc.

c. Comment on the ability of each company to finance its capital expenditures.