(Solution) - Refer to the financial statement information of UnderArmour -(2025 Original AI-Free Solution)

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Academic Level: Undergrad. (yrs 3-4)

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Pages: 5 Words: 1375

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Refer to the financial statement information of UnderArmour reprinted at the back of the book.
Required
1. Using the format in Example 13-5, prepare common-size comparative income statements for2011 and 2010. Use as the base ''Net revenues.'' Round all percentages to the nearest one-tenth of a percent.
2. What changes do you detect in the income statement relationships from 2010 to 2011?
3. Using the format in Example 13-4, prepare common-size comparative balance sheets at the end of 2011 and 2010. Round all percentages to the nearest one-tenth of a percent.
4. What observations can you make about the relative composition of Under Armour's assets from the common-size statements? What observations can be made about the changes in the relative composition of liabilities and stockholders' equity accounts?