Question: 1) The following data (in thousands) are taken from recent financial statements for Orbitz:
as of 12/31/2014 as of 12/31/2013
Current Assets $ 349,032,000 $ 243,302,000
Current Liabilities $ 607,001,000 $ 557,958,000
a) Compute the working capital as of Dec. 31, 2014 and Dec. 31, 2013. Round to 2 decimal places.
b) Compute the current ratio as of Dec. 31, 2014 and Dec. 31, 2013. Round to 2 decimal places.
c) What conclusions concerning Orbitz's ability to meet its financial obligations can you draw from part (a)?