Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Armour Corps, Inc.: December 31 Year 2 Year 1 Current assets $ 78,838 $ 57,618 Current liabilities 24,408 18,062 a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Enter working capital amounts in thousands of dollars. Round "current ratio" answers to two decimal places. December 31 Year 2 Year 1 Working capital $ $ Current ratio b. What conclusions concerning the companys ability to meet its financial obligations can you draw from part (a)? Armour Corps's working capital by $ during Year 2. The current ratio in Year 2. Because year 2's current ratio indicates a liquidity position, the short-term creditors concerned about receiving payment from Armour Corps