Question: Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Starbucka Corporation: Year 2 Year 1 Current assets

 Working Capital and Current Ratio The following data (in thousands) were

Working Capital and Current Ratio The following data (in thousands) were taken from recent financial statements of Starbucka Corporation: Year 2 Year 1 Current assets $201,952 $146,321 Current liabilities 52,729 39,019 a. Compute the working capital and the current ratio for Year 2 and Year 1. Enter working capital amounts in thousands of dollars. Round "current ratio answers to two decimal places Year 2 Year 1 Working capital Current ratio in b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (3)? Starbucks working capital from Year 1 to Year 2 by 5 Starbucks's current ratio Year 2. The changes in working capital and current ratio indicate that short-term creditors concerned about receiving payment from Starbucks

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