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Compute the working capital and the current ratio as of

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)?

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