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Problem - 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
Required -
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)?
Determine What is the ending balance of retained earnings? What is the total amount in liabilities and stockholders equity together?
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