These answer both discussion post on different sheets... I look forward to your great work and answers.

Question 1

1. Focus on Analysis I Under Armour, Inc.

(Show how to account for inventory; explain GAAPfor inventory; compute and evaluate gross profit and inventory turnover) Refer to Under Armour, Inc.'s, consolidated financial statements in Appendix B and online in the filings section of http://www.sec.gov. Show amounts in millions and round to the nearest Sl million.

Requirements

1. Three important pieces of inventory information are (a) the cost of inventory on hand,

(b) the cost of goods sold, and (c) the cost of inventory purchases. Identify or compute each of these items for Under Armour, Inc., at December 3 1, 2014.

1. Which item in requirement 1 is most directly related to cash flow? Why? (Challenge)
2. Assume that all inventory purchases were made on account and that only inventory purchases increased Accounts Payable. Compute Under Armour, Inc.'s, cash payments for inventory during 2014.
3. See Note 2 Summary of Significant Accounting Policies, Inventories section. How does Under Amour, Inc., value its inventories? Which costing method does Under Armour, Inc., use?
4. Did Under Armour, Inc.'s gross profit percentage and rate of inventory turnover improve or deteriorate in 2014 (versus 2013)? Consider the overall effect of these two ratios. Did Under Armour, Inc., improve during 2014? How did these factors affect the net income for 2014? (Note: Under Armour, Inc.'s inventories totaled $319 million at the end of fiscal 2012.) Round answers to three decimal places.

Question 2 on a different page

2 . Focus on Analysis I Under Armour, Inc.

(Learning Objectives 2, 3, 4: Analyze treasury stock and retained earnings) This case is based on the consolidated financial statements of Under Armour, Inc., given in Appendix B and online in the filings section of http://www.sec.gov. In particular, this case uses Under Armour, Inc.'s, Consolidated Balance Sheets and Consolidated Statements of Stockholders' Equity for the year 2014.

Requirements

1. As of the end of December 31, 2014, how many shares of common stock doe Under Armour, Inc., have authorized? Issued? Outstanding?
2. Refer to Note 8 Stockholders' Equity and the Consolidated Statement of Stockholders' Equity for the year 2014. What is the difference between Under Armour's Class A Common Stock and Class B Convertible Common Stock? Are there any restrictions on who can own Class B stock?
3. Did Under Armour, Inc., issue any new shares of Class A Common Stock during 2014? How can you tell? (Challenge)
4. Prepare a T-account to show the beginning and ending balances plus all the activity in Retained Earnings for 2014.