Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: December 31 Year 2 Year 1 Current assets $1,549,399 $1,498,763 478,810 Current liabilities 421,627 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 Working capital Current ratio b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)? Under Armour's working capital decreased by si during Year 2. The current ratio decreased in Year 2. Because Year 2's current ratio indicates a strong liquidity position, the short-term creditors should not be concerned about receiving payment from Under Armour