The financial statements of Columbia Sportswear Company are presented in Appendix B. Click here to view Appendix B. Financial statements of Under Armour, Inc. are presented in Appendix C. Click here to view Appendix C. (b) What conclusions concerning the relative profitability of the two companies can be drawn from the following data? (1) (2) (3) 3 (5) Profit margin Gross profit (000's) Gross profit rate Operating income (000's) Percent change in operating income Columbia Sportswear Company 4.3% $1,223,889 48.9% $137,049 (65.3%) Under Armour, Inc. (12.3%) $2,160,095 48.3% $(613,438) (359.1%)

Click here to view Appendix B. Financial statements of Under Armour, Inc; are presented in Appendix C. Click here to view Appendix C. (b) What conclusians conceming the relative proftability of the two companies can be drawn from the following data? Click here to view Appendix B. Financial statements of Under Armour, Inc; are presented in Appendix C. Click here to view Appendix C. (b) What conclusians conceming the relative proftability of the two companies can be drawn from the following data