Both companies are able to pay their current liabilities. • This test shows that Nike is more financially stable and Under Armour lost its lead based on this test.• Another conclusion that can be based on this test is that Under Armour`s current assets are more dependent on inventory than Nike`s current assets. Nike continues its lead based on this test. | • Both companies have a ratio higher than the dangerous 1.0 acid test ratio. Both companies are able to pay their current liabilities.• This test shows that Under Armour is more financially stable.• Another conclusion that can be based on this test is that Under Armour`s current assets are more dependent on inventory than Nike`s current assets
Both companies are able to pay their current liabilities. • This test shows that Nike is more financially stable and Under Armour lost its lead based on this test.• Another conclusion that can be based on this test is that Under Armour`s current assets are more dependent on inventory than Nike`s current assets. Nike continues its lead based on this test. | • Both companies have a ratio higher than the dangerous 1.0 acid test ratio. Both companies are able to pay their current liabilities.• This test shows that Under Armour is more financially stable.• Another conclusion that can be based on this test is that Under Armour`s current assets are more dependent on inventory than Nike`s current assets