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

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The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: December 31 Current assets Current liabilities Year 2 Year 1 $ 159,002 $ 115,644 38,971 28,839 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 Current ratio b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)? Under Armour's working capital Year 2's current ratio indicates a receiving payment from Under Armour. by $ during Year 2. The current ratio liquidity position, the short-term creditors in Year 2. Because concerned about ? The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: December 31 Current assets Current liabilities Year 2 Year 1 $ 159,002 $ 115,644 38,971 28,839 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 Current ratio b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)? Under Armour's working capital Year 2's current ratio indicates a receiving payment from Under Armour. by $ during Year 2. The current ratio liquidity position, the short-term creditors in Year 2. Because concerned about ?

Answer rating: 100% (QA)

To compute the working capital and current ratio for Under Armour Inc well use the given data Decemb... View the full answer