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

Assets				Liabilities and Equity
Current assets:				Current liabilities:
Cash	$	69		Accounts payable	$	225
Accounts receivable (net)		189		Other current liabilities		72
Notes receivable		54		Total current liabilities		297
Inventory		210		Long-term liabilities		106
Prepaid expenses		38		Total liabilities		403
Total current assets		560		Shareholders' equity:
Equipment (net)		255		Common stock		145
				Retained earnings		267
				Total shareholders' equity		412
Total assets	$	815		Total liabilities and equity	$	815

The acid-test ratio is (Round your answer to 2 decimal places.):

Multiple Choice

• 1.05.

• 0.31.

• 1.89.

• 1.39.

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 69 189 54 210 38 560 255 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 $ 225 72 297 106 403 145 267 412 $ 815 Total assets $815 The acid-test ratio is (Round your answer to 2 decimal places.)