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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current liabilities: Current assets: Cash $
The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current liabilities: Current assets: Cash $ 77 Accounts payable $ 226 Accounts receivable (net) Notes receivable 189 59 Other current liabilities 78 Total current liabilities 304 Inventory 216 Long-term liabilities. 96 Prepaid expenses 30 Total liabilities 400 Total current assets 571 Shareholders' equity:" Equipment (net) 270 Common stock 139 Retained earnings 302 Total shareholders' equity 441 Total assets $841 Total liabilities and equity $ 841 The current ratio is (Round your answer to 2 decimal places.): Multiple Choice The current ratio is (Round your answer to 2 decimal places.) Multiple Choice O O 143 188 068 211
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