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...

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

Extracted text: 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 ¥220,000 140,000 70,000 Plant assets (net) ¥220,000 95,000 75,000 Share capital-ordinary Mortgage payable Accounts payable Inventory Receivables Cash 40,000 ¥430,000 ¥430,000 The mortgage payable is due in 2023. Instructions Compute the current ratio and the working capital.

Jun 08, 2022

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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 thousands). Chen Group Statement of...

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