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

Question:

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

December 31 2008 $396,423 113,110 2007 $322,245 95699 Current assets Current liabilities

a. Compute the working capital and the current ratio as of December 31, 2008 and 2007. Round to two decimal places.

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

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...