Reference Under Armours Balance Sheet below for YE 2005 and 2006. Notice that current liabilities increased from 2005 and 2006. what specifically increased under current liabilities and why do you think these items increased? Is an increase in current liabilities always a bad thing? Please write 2-3 sentences

December 31, 2006 2005 $ 62.977 53,132 53,607 5,252 8.822 181.790 20.865 12032 $203 687 Assets Current Assets $ 70,655 Cash and cash equivalente Accounts receivable, net of allowance for doubtful accounts of $884 and $521 as of December 31, 2005 and 2005, respectively 71,887 Inventories 81.031 4,310 Income taxes receivable Prepaid expenses and other current assets 8,944 Deferred income taxe 9.145 Total current assets 244,952 Property and equipment, net 29,923 Intangible asset.net 7.875 Deferred income taxes 5,180 Other non-current assets 1038 Total assets $289,268 Liabilities and Stockholders' Equity Current liabilities Accounts payable $ 42,718 Accrued expenses 25,403 Income taxes payable Current maturities of long term debit 2.848 Current maturities of capital lease obligations 794 Total current liabilities 71,563 Long term debt, net of current maturities 1,893 Capitale obligations net of current maturities 922 Deferred income taxes Other long term liabilities 802 Total liabilities 74980 Commitments and contingencies se Note 3) Stockholders equity and comprehensive loss Class A Common Stock. $.0003 1/3 par value: 100.000.000 shares authorized as of December 31, 2006 and 2005, 34.555.907shares issued and outstanding as of December 31, 2006:31.223.351 shares issued and outstanding as of December 31, 2005 12 Class B Convertible Common Stock 3.0003 1/3 par Value 16,200,000 shares authorized as of December 31, 2006 and 2005, 13.250.000 share issued and outstanding is of December 31, 2000 15.200 000 shares and outstandings of December 31, 2005 Additional paid in capital 148.582 Retained earnings 56,378 Uncomod composition 4463) Notes receivable from stockholders Accumulated other comprehensive 103 Total stockholders equity 214 Total abilities and stockholders equity $2092 See Scrigno $ 31,699 11,449 716 1.987 1841 47,672 2.858 1,715 330 2772 52.857 10 124.803 28,067 11,889 (183) 15050 $200 FT Uw Y300006 Narom 2000 2001 Worldwide with increased and increase