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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) 68 Liabilities and Equity Current liabilities: $ 75 Accounts payable 190 Other current liabilities Total current liabilities Long-term liabilities 32 Total liabilities 565 Shareholders' equity: Common stock Retained earnings Total shareholders' equity $828 Total liabilities and equity $ 227 66 293 105 398 200 263 143 287 430 $ 828 Total assets The acid-test ratio is (Round your answer to 2 decimal places.)
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