How does the company account for goodwill

Assignment Help Financial Accounting

Reference no: EM133633809

Question: Under Armour, UAA (NYSE) is headquartered in Baltimore, Maryland U.S.A.; global headquarters are in Panama, and sites include Shanghai hosts the Chinese headquarters.

Under Armour, UAA (NYSE) is headquartered in Baltimore, Maryland U.S.A.; global headquarters are in Panama, and sites include Shanghai hosts the Chinese headquarters. Other operation centers are in Paris, London, and Toronto. This company manufactures casual wear, footwear, and sports apparel.

For this week's assignment, you will need to locate the SEC 10-K filing for Under Armour for 2016 (do not select another year); retrieve the report at www.sec.gov by clicking on Filings and then searching for Under Armour under Company Filings. When you see the list of filings for the company, select the Form 10-K for 2016.

You will need this particular consolidated filing for this week.

Then address the following:

Introduce the company, the industry in which it operates, and the sector.
In the consolidated filing, locate the statement of cash flows and determine how much the company paid for property and equipment in 2016. Identify this section of the statement of cash flows where you find the separation.
Determine the depreciation method used in this company. Identify the range of useful lives for the company's fixed assets.
Locate Note 3 in the filing. Looking at property and equipment for 2016 and 2015, determine the depreciation expense that was included in the calculation of net income for these fiscal years. What does this information tell you about the age of equipment over these two years? Be sure to explain your determinations.
Note 4 includes descriptions of goodwill and intangible assets how does the company account for goodwill and other intangible assets? What other types of intangible assets did the company own at the end of 2016?
Using Dupont analysis, calculate the company's rate of return on total assets for the fiscal years 2016 and 2015. Note that total assets 2014 was $2,095 million (calculate ratios using millions); determine the performance of the company in 2016 verses 2015.

Reference no: EM133633809

Questions Cloud

List the factors in bullet form with a brief explanation : List the three factors in bullet form with a brief explanation and a brief exhibit showing your work for each thesis point

What amount of dianas estate will be subject : List of Diana's assets as of the date of her death. What amount of Diana's estate will be subject to probate fees

Should garcia locate its european operation : if maximizing after-tax dividends is the sole criterion. in which of the three countries should Garcia locate its European operation

Why these are good examples of an opportunity cost : Give an opportunity cost from your life. Give an example of a relevant cost. Explain why these are good examples of an opportunity cost and a relevant cost

How does the company account for goodwill : How does the company account for goodwill and other intangible assets? What other types of intangible assets did the company own at the end of 2016

Why is careful recruitment and selection particularly : Why is careful recruitment and selection particularly important in a direct service business such as Hilton? How does a cafeteria-style benefits program work

How large must the annual payments : They expect their investment account to earn 10%. How large must the annual payments at t = 5, 6, and 7 be to cover Nylah's anticipated college costs

What is the minimum nominal rate of return : What is the minimum nominal rate of return that you should accept if you require a 4% real rate of return and the rate of inflation is expected to average 3.5%

How likely is sears a candidate for bankruptcy : How likely is Sears a candidate for bankruptcy? Support your answer with case details and your ratio responses from question above. You can also go outside

User Account

All Pages