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Nebraska Furniture Mart is a home furnishing store in North America. Nebraska Furniture Mart's partial balance sheet ($ in thousands) is provided below. Assets Current
Nebraska Furniture Mart is a home furnishing store in North America. Nebraska Furniture Mart's partial balance sheet ($ in thousands) is provided below. Assets Current assets: Cash Accounts receivable (net) Liabilities and Equity Current liabilities: $ 77 Accounts payable $ 224 Notes receivable Inventory 187 62 213 Other current liabilities 64 Total current liabilities 288 Long-term liabilities 91 Prepaid expenses 41 Total liabilities 379 Total current assets 580 Equipment (net) 269 Common stock Shareholders' equity: Retained earnings Total assets 143 327 Total shareholders' equity 470 $ 849 Total liabilities and equity $ 849 The acid-test ratio for Nebraska Furniture Mart is: Note: Round your answer to 2 decimal places. D
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