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Analyze Under Armour The following year-end data were taken from recent balance sheets of Under Armour, Inc. (UA) (in millions): December 31 Year 2 Current
Analyze Under Armour The following year-end data were taken from recent balance sheets of Under Armour, Inc. (UA) (in millions): December 31 Year 2 Current assets $1,965.2 Current liabilities 685.8 Year 1 $1,498.8 478.8 a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. (Round your answers to one decimal place.) Year 2 Year 1 Working capital Current Ratio b. The current ratio for year 2 is greater than 2.0 but less than current ratio for year 1. It indicates position. solvency
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