Working capital and current ratio OBJ. 7 The following data (in thousands) were taken from recent financial statements of Starbucks Corporation:

Year 2 Year 1 Current assets $4,199,600 $3,794,900 Current liabilities 2,209,200 2,075,800

a. Compute the working capital and the current ratio for 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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