The following year-end data were taken from recent balance sheets of Under Armour, Inc. (UA) (in millions):

Question:

December 31 Year 2 Year 1 $1,965.2 685.8 Current assets $1,498.8 478.8 Current liabilities

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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Corporate Financial Accounting

ISBN: 9781337398169

15th Edition

Authors: Carl S. Warren, James M. Reeve, Jonathan Duchac

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Question Posted: Jul 23, 2018 01:08 PM

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The following year-end data were taken from recent balance sheets of Under Armour, Inc. (UA) (in millions):

Question:

December 31 Year 2 Year 1 $1,965.2 685.8 Current assets $1,498.8 478.8 Current liabilities

Step by Step Answer:

a Dec 31 Dec 31 Year 2 Year 1 Current assets 19652 14...View the full answer

Corporate Financial Accounting

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