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Three companies that compete in the athletic and activewear market segment are Nike, Inc., lululemon athletica inc., and Under Armour, Inc. Nike is the largest
Three companies that compete in the athletic and activewear market segment are Nike, Inc., lululemon athletica inc., and Under Armour, Inc. Nike is the largest designer seller of athletic footwear and apparel in the world. Lululemon designs and sells technical athletic apparel featuring yoga, fitness, and dance-inspired wear. Under Armour designs and sells athletic apparel featuring high-performance fabrics for men and women around the world. Selected financial information for a recent year follows (in millions) Nike lululemon Under Armour Balance sheet: Cash Temporary investments 2,922 Income statement: Operating expenses Depreciation expense Total revenues a. Based on the total revenue which of these companies is the largest? $2,220 664 $593 8,766 518 27,799 538 58 1,797 1,158 72 3,084 b. Compute the days' cash on hand for all three companies. (Round all calculations to one decimal place.) Nike lululemon Under Armour Days' Cash on Hand days days days
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