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Waterway 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$101,500
Waterway 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$101,500 68,000 Other long-term debt (NT$90,000 due in 2021) 159,000 Salaries and wages payable Accounts payable 31,500 61,000 In addition, Waterway is involved in a lawsuit. Legal counsel feels it is probable Waterway will pay damages of NT$23,000 in 2021 Prepare the current liabilities section of Waterway's December 31, 2020, statement of financial position. WATERWAY COMPANY Statement of Financial Position (Partial) NT$ NTS Waterway's current assets are NT$571,480. Compute Waterway's working capital and current ratio. (Round current ratio to 2 decimal places, eg. 1.25:1) Working capital NTS Current ratio :1
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