me Tonowing intormation is available Tromne inancial statements included in romTU-K TO Tiscal years 2014 dnu 2013 TO Under Armour, Inc. and Columbia Sportswear Company (in thousands of dollars): Columbia Under Armour, Sportswear Company Inc. Net revenues (Net sales for Under Armour, Inc. & Columbia Sportswear) for the year ended December 31, 2014 Accounts receivable, net: $3,084,370 $2,100,590 December 31, 2014 344,390 December 31, 2013 279,835 209,952 306,878 Required: 1. Calculate the accounts receivable turnover ratios for both companies for the most recent year. Assume all sales are on credit. Round your answers to 2 decimal places. Under Armour times Columbia Sportswear times 2. Calculate the average length of time it takes each company to collect its accounts receivable. Use 360 days and round intermediate calculations to 2 decimal places and final answers to the nearest day. Under Armour days Columbia Sportswear days 3. Compare the two companies on the basis of your calculations in parts (1) and (2). Under Armour's accounts receivable turnover ratio is Columbia Sportswear's and their average collection 8:12