What is the current ratio for the information given below: The following partial balance sheet ($ in
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What is the current ratio for the information given below:
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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities. Total liabilities. Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) Total assets $ 64 175 65 218 25 547 260 $807 The current ratio is (Round your answer to 2 decimal places.): $ 230 77 307 106 413 135 259 394 $ 807 The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities. Total liabilities. Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) Total assets $ 64 175 65 218 25 547 260 $807 The current ratio is (Round your answer to 2 decimal places.): $ 230 77 307 106 413 135 259 394 $ 807
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Related Book For
Accounting
ISBN: 978-0132690089
9th Canadian Edition volume 2
Authors: Charles T. Horngren, Walter T. Harrison Jr., Jo Ann L. Johnston, Carol A. Meissner, Peter R. Norwood
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