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The following partial balance sheet ($ in thousands) for Paisano Seafood Incorporated is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory
The following partial balance sheet ($ in thousands) for Paisano Seafood Incorporated is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) Total assets $ 76 173 59 207 30 545 256 $ 801 The acid-test ratio is: Note: Round your answer to 2 decimal places. Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities. Total liabilities Shareholders' equity: Common stock Retained earnings Total shareholders' equity Total liabilities and equity $ 230 68 298 108 406 149 246 395 $ 801
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