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(Solution) - The following data in thousands were taken from recent financial

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The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.:
December 31
Year 2 Year 1
Current assets................ $689,663..... $558,850
Current liabilities............. 183,607...... 149,147
a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Round to two decimal places.
b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)?


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This question was answered on: Jul 11, 2017

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