Sheridan Company. has the following account balances at December 31.2020 (amounts in thousands). In addition,...
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Sheridan Company. has the following account balances at December 31.2020 (amounts in thousands). In addition, Sheridan is involved in a lawsuit. Legal counsel feels it is probable 5 heridan will pay damages of NTS 24,500 in 2021. Prepare the current liabilities section of Sheridan's December 31. 2020, statement of financial position. Sheridan's current assets are NT\$570,115. Compute Sheridan's working capital and current ratio. (Round current ratio to 2 decimal places, e.g. 1.25:1.)
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