Working capital and current ratio

Working Capital and Current Ratio The following data (in thousands) were taken from recent nancial statements of Armour Corps, Inc.: December 31 Year 2 Year 1 ' Current assets $ 164,178 $ 119,687 Current liabilities 40,638 30,072 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 q i #3 b. What conclusions concerning the company's ability to meet its nancial obligations can you draw from part (a)? Armour Corps' working capital V by $:] during Year 2. The current ratio V in Year 2. Because Year 2's current ratio indicates a V liquidity position, the short-term creditors v concerned about receiving payment from Armour Corps