User Account

All Pages

Compute the working capital and the current ratio

Assignment Help Accounting Basics
Reference no: EM131802233

Question - Working capital and current ratio

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

December 31

2008 2007

Current assets $396,423 $322,245

Current liabilities 113,110 95,699

a. Compute the working capital and the current ratio as of December 31, 2008 and 2007. Round to two decimal places.

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

Reference no: EM131802233

Questions Cloud

What is the difference in price between what you can afford : what is the difference in price between what you can afford to buy with a 4% interest rate and a 6% interest rate
Review case study of alvis corporation : Kathy McCarthy was the manager of a production department in Alvis Corporation, a firm that manufactures office equipment. The workers are not unionized.
Who tends to benefit the most from acquisition activity : Who tends to benefit the most from acquisition activity?
Review the dvd program data collection and analysis : Provide a description of at least two data collection methods that you might use when addressing the issue, problem, or concern that you identified .
Compute the working capital and the current ratio : Compute the working capital and the current ratio as of December 31, 2008 and 2007. Round to two decimal places
Price and quantity of bananas in the very short run : 1. Using supply and demand curves explain how a cyclone would affect the price and quantity of bananas in the very short run?
The balance in prepaid insurance is a one-year premium paid : The balance in prepaid insurance is a one-year premium paid on June 1
What american company does best job of strategic planning : Explain why Kroger is recognized by Forbes as one of the most generous companies in America? Is being generous consistent with (or inconsistent with).
Provide a brief description of the various stakeholders : Reflect on the potential roles that community stakeholders may play in addressing a problem, issue, or concern, and why involving stakeholders is important.

Reviews

Write a Review

Accounting Basics Questions & Answers

  Differential income or loss from discontinuing

The total fixed costs of $50,000 are allocated on the basis of sales volume across the three product lines. The small product line has 30% of the sales volume. What is the differential income or loss from discontinuing the small speaker product li..

  Balance sheets and income statement problem

For the year, (1) all sales are credit sales, (2) all credits to Accounts Receivable reflect cash receipts from customers, (3) all purchases of inventory are on credit, (4) all debits to Accounts Payable reflect cash payments for inventory, and (5..

  By how much would the company net operating income increase

By how much would the company's net operating income increase if Minneapolis increased its sales by $97,500 per year

  Impaired assets and depreciation methods

From the e-Activity, summarize the authoritative guidance for asset impairments under IFRS. Give at least two (2) examples of events that could cause an asset to be tested for impairment, and recommend the best method to determine the fair value o..

  How do indirect costs affect the cost of a product

How do indirect costs affect the cost of a product? Should indirect costs be included in product cost? Why or why not

  Discuss debit allowance account balance

4% of gross accounts receivable Credit account titles are automatically indented when the amount is entered

  What was the balance in salaries payable on december

If the company paid $12,500 in salaries in 2010, what was the balance in Salaries Payable on December 31,2009?

  Apple and phillips balance sheets for year ending

apple and phillips balance sheets for year ending 2012.comment on three difference between their balance sheets. also

  Why is it desirable to use a worksheet

Why is it desirable to use a worksheet when preparing a statement of cash flows? Is a worksheet required to prepare a statement of cash flows?

  What is meant by an accelerated depreciation method

What is meant by an "accelerated" depreciation method? What is the tax advantage of an accelerated depreciation method

  Explain what are differences between lifo and fifo methods

The controller's bonus is based on the next income. Analyze several of your peers' posts. What are the differences between the LIFO and FIFO methods?

  Dreamworld corportation began construction of new warehouse

The average accumulated expenditures for 2017 by the end of the construction period was:$1,100,750.$2,203,000.$1,416,200.$1,754,200.

Free Assignment Quote

Assured A++ Grade

Get guaranteed satisfaction & time on delivery in every assignment order you paid with us! We ensure premium quality solution document along with free turntin report!

Submit Assignment

Academics

Major Subjects

Majors

Get In Touch

whatsapp: +1-415-670-9521

Phone: +1-415-670-9521

Email: [email protected]

TERMS & POLICIES

HELP & SUPPORT

All rights reserved! Copyrights ©2019-2020 ExpertsMind IT Educational Pvt Ltd