Question
Bonita Company, has the following account balances at December 31, 2020 (amounts in thousands). Notes payable (NT$61,000 due after 12/31/21) Unearned service revenue NT$100,500
Bonita Company, has the following account balances at December 31, 2020 (amounts in thousands). Notes payable (NT$61,000 due after 12/31/21) Unearned service revenue NT$100,500 70,000 Other long-term debt (NT$92,000 due in 2021) 173,000 Salaries and wages payable Accounts payable 33,000 62,000 In addition, Bonita is involved in a lawsuit. Legal counsel feels it is probable Bonita will pay damages of NT$24,500 in 2021. Prepare the current liabilities section of Bonita's December 31, 2020, statement of financial position. BONITA COMPANY Statement of Financial Position (Partial) NT$ NT$ Bonita's current assets are NT$571,380. Compute Bonita's working capital and current ratio. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Working capital NT$ Current ratio :1
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