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Current Attempt in Progress Oriole Company, has the following account balances at December 31, 2020 (amounts in thousands). Notes payable (NT$59,000 due after 12/31/21) NT$100,000
Current Attempt in Progress Oriole Company, has the following account balances at December 31, 2020 (amounts in thousands). Notes payable (NT$59,000 due after 12/31/21) NT$100,000 Unearned service revenue 68,000 Other long-term debt (NT$90,500 due in 2021) 252,500 Salaries and wages payable 33,000 Accounts payable 65,000 In addition, Oriole is involved in a lawsuit. Legal counsel feels it is probable Oriole will pay damages of NT$22,500 in 2021. Current Liabilities Notes Payable NT$ 59000 Unearned Service Revenue 68000 Long-Term Debt 90500 Warranty Liability 22500 Salaries and Wages Payable 33000 Accounts Payable 65000 Total Current Liabilities NT$ 338000 Oriole's current assets are NT$569,600. Compute Oriole's working capital and current ratio. (Round current ratio to 2 decimal places, e.g. 1.25:1.) Working capital NT$ 231600 Current ratio 1.69 :1
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