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Refer to the financial statements from Under Armour s 2 0 1 5 Annual Report. Show your work and any assumptions you made in answering

Refer to the financial statements from Under Armours 2015 Annual Report. Show your work and any assumptions you made in answering the questions (where applicable). Ignore taxes unless stated otherwise.Under Armour invests $48 million in a new manufacturing facility for clothing production. Under Armour expects the useful life of the facility to be 5 years and the salvage value to be $8 million.2. Use the Balance Sheet Equation (BSE) to record any other transactions Under Armour records related to the new facility during the next fiscal year ending 12/31/2016(In thousands, except share data)
Assets
Current assets
Cash and cash equivalents
Accounts receivable, net
Inventories
Prepaid expenses and other current assets
Deferred income taxes
Total current assets
Property and equipment, net
Goodwill
Intangible assets, net
Deferred income taxes
Other long term assets
Total assets
Liabilities and Stockholders' Equity
Current liabilities
Accounts payable
Accrued expenses
Current maturities of long term debt
Other current liabilities
Total current liabilities
Long term debt, net of current maturities
Revolving credit facility, long term
Other long term liabilities
Total liabilities
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