Using Under Armour, Inc.'s, financial statements at www.sec.gov complete requirement. (https://www.sec.gov/Archives/edgar/data/1336917/000133691715000006/ua-20141231x10k.htm)

Requirement:

Did Under Armour'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 improve during 2014? How did these factors affect the net income for 2014?