1. What is your assessment of the operating efficiency of your firm in recent years? Comment on any observed trends.  
2. Compare your firm's operating efficiency with that of the competitor. What factors distinguish your company's productivity from that of its closest competitor?

	Nike (amounts in Millions)	Under Armour (amounts in Thousands)
Return On Assets	15.49%	7.19%
Return on Net Operating Assets	27.14%	14.44%
Accounts Receivable Turnover	10.23	10.37
Inventory Turnover	3.30	3.31
Accounts Payable Turnover	8.15	4.75
PPE Turnover	9.75	9.36
Times Interest Earned	33.44	9.82
Operating Cashflow to debt	0.21	0.24
Free Cashflow to Debt	0.18	0.21
Current Ratio	2.63	2.3
Quick Ratio	1.65	1.54
Liabilities-to-Equity Ratio	1.64	1.39
Total Debt-to-Equity Ratio	1.64	1.39