The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.:
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)?
This question was answered on: Jul 11, 2017
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