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P10.6 (LO 2) Chen Group has been operating for several years, and on December 31, 2020, presented the following statement of financial position (amounts in
P10.6 (LO 2) Chen Group has been operating for several years, and on December 31, 2020, presented the following statement of financial position (amounts in thousands). Chen Group Statement of Financial Position December 31, 2020 Plant assets (net) Inventory Receivables Cash 220,000 95,000 75,000 40,000 430,000 Share capitalordinary Mortgage payable Accounts payable 220,000 140,000 70,000 430,000 The mortgage payable is due in 2023. Instructions Compute the current ratio and the working capital
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