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

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The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: December 31 Year 2 Year 1 2$ Current assets 106,279 76,779 Current 28,042 20,751 liabilities a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Enter working capital amounts in thousands of dollars. Round "current ratio" answers to two decimal places. December 31 Year 2 Year 1 Working capital $4 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 v by $ during Year 2. The current ratio increased v in Year 2. Because Year 2's current ratio indicates a strong v liquidity position, the short-term creditors should not be v concerned about receiving payment from Under Armour. The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: December 31 Year 2 Year 1 2$ Current assets 106,279 76,779 Current 28,042 20,751 liabilities a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Enter working capital amounts in thousands of dollars. Round "current ratio" answers to two decimal places. December 31 Year 2 Year 1 Working capital $4 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 v by $ during Year 2. The current ratio increased v in Year 2. Because Year 2's current ratio indicates a strong v liquidity position, the short-term creditors should not be v concerned about receiving payment from Under Armour.

Answer rating: 100% (QA)

a December 31 Year 2 Year 1 Current assets 106279 ... View the full answer