The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: a. Compute

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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. Round to two decimal places.

b. What conclusions concerning the company’s ability to meet its financial obligations can you draw from part (a)?

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Accounting

ISBN: 9781337902687

28th Edition

Authors: Carl S. Warren, Christine Jonick, Jennifer Schneider

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Question Posted: Apr 06, 2021 05:00 AM

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The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: a. Compute

Question:

December 31 Year 2 Year 1 Current assets $2,593,628 $2,337,679 Current liabilities 1,315,977 1,060,375

Step by Step Answer:

a We Know WC Working Capital CA Current Assets CL Current Liabilities Current Ratio ...View the full answer

Accounting

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