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Crane Company, has the following account balances at December 31,2020 (amounts in thousands). In addition, Crane is involved in a lawsuit. Legal counsel feels it
Crane Company, has the following account balances at December 31,2020 (amounts in thousands). In addition, Crane is involved in a lawsuit. Legal counsel feels it is probable Crane will pay damages of NT\$22,000 in 2021. Prepare the current liabilities section of Crane's December 31, 2020, statement of financial position. Crane's current assets are NT\$563,640. Compute Crane's working capital and current ratio. (Round current ratio to 2 decimal places, eg. 1.25:1.) Working capital NT\$ Current ratio :1
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