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he following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Current assets: Current liabilities: Cash $ 69 Accounts payable $231
he following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. |
Current assets: | Current liabilities: | |||
Cash | $ 69 | Accounts payable | $231 | |
Accounts receivable (net) | 173 | Other liabilities | 65 | |
Notes receivable | 52 | Total current liabilities | 296 | |
Inventories | 206 | Long-term liabilities | 109 | |
Prepaid expenses | 40 | Total liabilities | 405 | |
Total current assets | 540 | Shareholders' equity: | ||
Plant assets (net) | 258 | Capital stock | 131 | |
Retained earnings | 262 | |||
Total shareholders' equity | 393 | |||
Total assets | $798 | Total liabilities and equity | $798 |
The current ratio is (Round your answer to two decimal places.): |
2.09.
1.82.
0.68.
1.33.
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