Concordia College Sports Accounting Worksheet
Description
Q4. If you were a bank manager or other investor considering a request to loan money to either Nike or a competitor, to which company would you choose to provide a loan? Explain and support your answer. use the attached file below to see the financial statement for the companies.
- Debt Ratio
- Nike = 61.9%
- Under Armour = 55.6%
- EBIT
- Nike = 98.98
- Under Armour = Interest Coverage Ratio
- Nike =
- Under Armour =
Link to UnderArmour Statements in 2019:
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