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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 1
Analyze Under Armour The following year-end data were taken from recent balance sheets of Under Armour, Inc. (UA) (in millions): December 31 Year 1 December 31 Year 2 Current assets $2,593.6 Current liabilities 1,316.0 $2,337.7 1,060.41 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. Working capital Current Ratio Year 2 Year 1 b. The current ratio for year 2 is greater than 1.5 but less than current ratio for year 1. It indicates) solvency position.
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