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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Current assets: Current liabilities: Cash $ 68 Accounts payable $236
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. |
Current assets: | Current liabilities: | |||
Cash | $ 68 | Accounts payable | $236 | |
Accounts receivable (net) | 178 | Other liabilities | 62 | |
Notes receivable | 51 | Total current liabilities | 298 | |
Inventories | 204 | Long-term liabilities | 95 | |
Prepaid expenses | 34 | Total liabilities | 393 | |
Total current assets | 535 | Shareholders' equity: | ||
Plant assets (net) | 256 | Capital stock | 135 | |
Retained earnings | 263 | |||
Total shareholders' equity | 398 | |||
Total assets | $791 | Total liabilities and equity | $791 |
The acid-test ratio is (Round your answer to two decimal places.): |
1.36.
0.29.
1.00.
1.80.
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