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Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Under Armour, Inc: a. Compute the working capital
Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Under Armour, Inc: 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. b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)? Under Armour'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 Under Armour
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