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 Year 1 $168,518 50,304 $123,587 37,225 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 x x Current ratio x X b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (al? Under Armour's working capital X by s x liquidity position, the short-term creditors X during Year 2. The current ratio Xin Year 2. Because Year 2's current rabo indicates a x concerned about receiving payment from Under Armour