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Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: December 31 Year 2 Year 1 Current assets $ 83,828 $ 60,581 Current liabilities 28,036 20,747 and Year 1. Enter working capital amounts in thousands of dollars. Round "current ratio" a. Compute the working capital and the current ratio as of December 31, Year 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 increased by $ during Year 2. The current ratio increased in Year 2. Because Year 2's current ratio indicates a strong liquidity position, the short-term creditors should not be concerned about receiving payment from Under Armour. Feedback Check My Work Remember that current assets are compared to current liabilities to see if current obligations can be paid off with current resources. This expressed by a dollar amount and a ratio