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t QUESTION 2 A partial balance sheet for Captain D's Sportswear is shown below. dollars in thousands) Assets: Liabilities: $60 Accounts payable 170 Other liabilities
t QUESTION 2 A partial balance sheet for Captain D's Sportswear is shown below. dollars in thousands) Assets: Liabilities: $60 Accounts payable 170 Other liabilities Cash Accounts receivable (net) Investments Inventory Prepaid rent $240 80 320 110 430 50 Total current liabilities 200 Long-term liabilities 25 Total liabilities 505 Stockholders 255 Common stock Total current assets equity: 150 Retained earnings Total stockholders' equity 330 760 Total assets 760 Total liabilities and equity The current ratio is (rounded to two decimal places) 1.98 O 1.58 1.17 0.66
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