Question: The following data (in thousands) were taken from recent financial statements of Under Armour, Inc.: a. Compute the working capital and the current ratio as

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

a. Compute the working capital and the current ratio as of December 31, 2007 and 2006. Round to two decimal places.b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part(a)?

December 31 2006 2007 $322,245 Current assets Current liabilities $244,952 71,563 95,699

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