TB MC Qu. 3-84 (Algo) The following partial balance sheet...

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	79		Accounts payable	$	225
Accounts receivable (net)		181		Other current liabilities		80
Notes receivable		64		Total current liabilities		305
Inventory		214		Long-term liabilities		107
Prepaid expenses		26		Total liabilities		412
Total current assets		564		Shareholders' equity:
Equipment (net)		257		Common stock		142
				Retained earnings		267
				Total shareholders' equity		409
Total assets	$	821		Total liabilities and equity	$	821

The current ratio is (Round your answer to 2 decimal places.):

Multiple Choice

• 0.69.

• 1.85.

• 1.37.

• 2.19.