Scenario: Amy, Bob, and Carol want to discuss forming an S corporation instead of a partnership to operate a marina in Florida. They wish to have equal ownership in the business entity. Amy can contribute $400,000, and she is a boat mechanic. Bob has management expertise in running a marina, and he has five acres on the Intracoastal Waterway that he can contribute. Carol has experience running an office, and she has $300,000 in cash and office furniture and equipment worth $50,000. The three partners in this endeavor are interested in providing health insurance, life insurance, and dental insurance for each owner. In your report, explain whether there are any tax advantages of having the business provide employee benefits for owners as well as other employees. What are some options that should be considered to fairly compensate each of the owners for what they are contributing and for the work they will do running the business?

Create a presentation. Choose a publicly traded company (Under Armour). Using the most recent SEC 10-k or Annual report (https://www.sec.gov/Archives/edgar/data/1336917/000133691716000064/ua-20151231x10k.htm)  address the following: Company Name Provide the Company's cash balance for the past 2 years. Provide the Company's accounts receivable for past 2 years. Identify the Note that discusses 'Cash and cash equivalents' and summarize it. Identify the Note(s) relevant to accounts receivable and discuss the key accounting policies. Discuss the allowance for doubtful accounts. Provide the Company's inventory balance for the past 2 years. Discuss the Company's policies for reporting inventory. Compute the AR turnover and Days Outstanding for Receivable. Compute the Inventory turnover and Days Sales in Inventory.