The following data (in thousands) were taken from recent financial statements of Starbucks Corporation: a. Compute the

Question:

The following data (in thousands) were taken from recent financial statements of Starbucks Corporation:

Year 2 Year 1 Current assets Current liabilities $4,199,600 2,209,200 $3,794,900 2,075,800

a. Compute the working capital and the current ratio for Year 2 and Year 1. Round to two decimal places.

b. What conclusions concerning the company's ability to meet its financial obligations can you draw from part (a)?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial...