Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: Current assets Current liabilities December 31 Year 2 $207,915 49,260 Year 1 $152,034 36,459 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 "cument ratio answers to two decimal place December 31 Year 2 Year 1 Working capital Current ratio b. What condusions concerning the company's ability to meet its financial obligations can you draw from part (a)? Under Armour's working capital decreased short-term creditors should be during year 2. The current ratio decreased concenied about receiving payment from Under Armou Year 2 Decause Year 2oment re Favidity position, the