Compute the working capital

Assignment Help Accounting Basics

Reference no: EM131881663

Question: 1) The following data (in thousands) are taken from recent financial statements for Orbitz:

as of 12/31/2014 as of 12/31/2013

Current Assets $ 349,032,000 $ 243,302,000

Current Liabilities $ 607,001,000 $ 557,958,000

a) Compute the working capital as of Dec. 31, 2014 and Dec. 31, 2013. Round to 2 decimal places.

b) Compute the current ratio as of Dec. 31, 2014 and Dec. 31, 2013. Round to 2 decimal places.

c) What conclusions concerning Orbitz's ability to meet its financial obligations can you draw from part (a)?

Reference no: EM131881663

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