Current Ratio : Current Ratio is measure of the company’s ability to pay off its current liabilities using its current assets. It is calculated by dividing the total current assets by total current liabilities. The formula of the current ratio is as follows: C u r r e n t R a t i o = C u r r e n t a s s e t s C u r r e n t l i a b i l i t i e s To calculate: The Current Ratios for Under Armour and Columbia Sportswear for the year 2016 and 2015.

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Chapter 8, Problem 84.3C

To determine

Concept introduction:

Current Ratio:

Current Ratio is measure of the company’s ability to pay off its current liabilities using its current assets. It is calculated by dividing the total current assets by total current liabilities. The formula of the current ratio is as follows:

Current Ratio=Current assetsCurrent liabilities

To calculate:

The Current Ratios for Under Armour and Columbia Sportswear for the year 2016 and 2015.

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