ngageNOWv2 Online teachi x + /takeAssignment/take Assignment Main.dolinvoker=assignments&take AssignmentSessionLocator assignment-take&inprogress eBook Show Me How Calculator E Print Item Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Armour Corps, Inc. December 31 Year 2 Year 1 Current assets $ 123,543 $ 89,697 Current liabilities 39,850 28.749 a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Enter working capital amounts in the December 31 Year 2 Working capital Current ratio b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part()? Armour Corps' working capital increased by during Year 2. The current ratio increased in Year 2. Because concerned about receiving payment from Armour Corp be compared to me to current obligations can be paid off with current resources This prosed