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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory
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) Liabilities and Equity Current liabilities: $ 70 Accounts payable 176 Other current liabilities 57 Total current liabilities 210 Long-term liabilities 39 Total liabilities 552 Shareholders' equity: 257 Common stock Retained earnings Total shareholders' equity $809 Total liabilities and equity $ 225 73 298 98 396 131 282 413 Total assets $ 809 Quick assets total
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