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Under Armour: Current ratio The following year-end data were taken from recent balance sheets of Under Armour, Inc. (in millions): December 31 Year 2 Year
Under Armour: Current ratio The following year-end data were taken from recent balance sheets of Under Armour, Inc. (in millions): December 31 Year 2 Year 1 Current assets $1,129 $903 Current liabilities 427 252 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 greater than 2 but less than current ratio for year 1. It indicates solvency position
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