Comparing Two Companies: Columbia Sportswears and Under Armours Current Liabilities

Refer to Columbia Sportswear's and Under Armour's financial statements reprinted at the back of the book. Using the companies' balance sheets and accompanying notes, write a response to the following questions:

Required:

Determine Columbia Sportswears and Under Armours current ratio for fiscal years 2011 and 2010. Round your answers to two decimal places.

	2011	2010
Columbia Sportswears
Under Armours