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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 61 Accounts payable Accounts receivable (net) Notes receivable 181 51 Other current liabilities Inventory 214 Prepaid expenses 33 Total current assets 540 Equipment (net) 260 Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Common stock $ 239 70 309 109 418 134 Retained earnings 248 Total shareholders' equity 382 Total assets $800 Total liabilities and equity $ 800 The acid-test ratio is (Round your answer to 2 decimal places.): Multiple Choice O 0.26. 0.95. 1.29. 1.75
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