The following data (in thousands) were taken from recent financial statements of UnderArmour, Inc.:December 31Year 2Year 1$1,498,763$1,549,399Current assetsCurrent liabilities478,810421,627a. Compute the working capital and the current ratio as of December 31, Year 2 andYear 1. Round to two decimal places.b.What conclusions concerning the company's ability to meet its financialobligations can you draw from part (a)?

a.Compute the working capital and current ratio as of December 31 for Year 2 and Year 1.

Answered: The following data (in thousands) were…

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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