The following year-end data were taken from recent balance sheets of Under Armour, Inc. (In millions): A.
Question:
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A. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. (Round to one decimal place.)
B. What conclusions concerning the company's ability to meet its short-term obligations can you draw from part (A)?
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A B Under Armours working capital increased by 51 million 702 651 during Year 2 ...View the full answer
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Related Book For 
Financial And Managerial Accounting
ISBN: 9781337119207
14th Edition
Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac
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