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Key figures for the recent two years of both Adidas and Puma are as follows: Adidas (in EUR millions) Puma (in EUR millions) Key Figures
Key figures for the recent two years of both Adidas and Puma are as follows: Adidas (in EUR millions) Puma (in EUR millions) Key Figures Current Year Prior Year Current Year Prior Year Current assets 6,875 6,877 1.514.1 1.642.6 Current liabilities 4.732 4,374 690.9 303.5 Required: 1. Compute the current ratio for both years for the two companies. Round to one decimal place. 2. Which company has the better ability to pay short-term obligations according to the current ratio? 3. Analyze and comment on each company's current ratios for the two years
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