1/The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	72		Accounts payable	$	234
Accounts receivable (net)		181		Other current liabilities		79
Notes receivable		65		Total current liabilities		313
Inventories		213		Long-term liabilities		103
Prepaid expenses		41		Total liabilities		416
Total current assets		572		Shareholders' equity:
Equipment (net)		263		Capital stock		135
				Retained earnings		284
				Total shareholders' equity		419
Total assets	$	835		Total liabilities and equity	$	835

The current ratio is (Round your answer to two decimal places.):

Multiple Choice

• 0.31

• 1.02

• 1.83

• 1.38