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Business, 21.02.2020 05:57 ethanw7327
The following data (in thousands) were taken from recent financial statements of Under Armour, Inc. December 31 Year 2 Year 1 Current assets Current liabilities a. Compute the working capital and the current ratio as of December 31, Year 2 and Year 1. Enter working capital dollars. Round "current ratio answers to two decimal places $1,498,763 $1,549,399 478,810 421,627 Year 2 Year 1 Working capital 1,549,399 x 1,498,763 X Current ratio 421,627 x 478,810 | Π₯ b. What conclusions concerning the company's abillity to meet its fi Under Armour's working capital decreased X by 421,627 X during Year 2. The current ratio decreas Because year 2's current ratio indicates a weak liquidity position, the short-term creditors should not be receiving payment from Under Armour inanchaf obligations can you draw from part (a)7 0 more Check My Work uses remaning DOLL
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The following data (in thousands) were taken from recent financial statements of Under Armour, Inc....
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