Question
A partial balance sheet ($s in thousands) for Captain D's Seafood Inc. is shown below. Assets: Liabilities: Cash $64 Accounts payable $242 Accounts receivable (net)
A partial balance sheet ($s in thousands) for Captain D's Seafood Inc. is shown below. Assets: Liabilities: Cash $64 Accounts payable $242 Accounts receivable (net) 173 Other liabilities 88 Notes receivable 56 Total current liabilities 330 Inventories 205 Long-term liabilities 117 Prepaid expenses 35 Total liabilities 447 Total current assets 533 Shareholders' equity: Plant assets (net) 257 Capital stock 152 Retained earnings 191 Total stockholders equity 343 Total assets $790 Total liabilities and equity $790 The current ratio is (Round your answer to 2 decimal places):
.67 times
1.19 times
2.60 times
1.62 times
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