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Compute the working capital and the current ratio

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Reference no: EM132691520

Problem - The following data (in thousands) were taken from recent financial statements of Starbucks Corporation:

 

Year 2

Year 1

Current assets

$4,352,700

$4,168,700

Current liabilities

3,653,500

3,038,700

Required -

a. Compute the working capital and the current ratio for Year 2 and Year 1. 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: EM132691520

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