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A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Assets: Liabilities: Cash $460 Accounts payable Account Receivable (net) 170 Other
A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Assets: Liabilities: Cash $460 Accounts payable Account Receivable (net) 170 Other liabilities : Investments 50 Total current liabilities Inventory 200 Long-term liabilities Prepaid rent 25 Total liabilities Total current assets 505 Stockholders' equity: Property & Equipment, (net) 255 Common stock Retained earnings Total stockholders' equity $760 Total liabilities and equity Total assets $240 80 320 110 430 150 180 330 $760 propria Calculate the current ratio and select the appropriate response below: (Round your answer to two decimal places.) Select one: A. 1.98. B. 0.66. C. 1.17 D. 1.58. OO
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