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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) $ 76 173 65 $ 238 74 312 212 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 104 416 28 554 257 147 248 395 Total assets $811 $ 811 The acid-test ratio is (Round your answer to 2 decimal places.): Multiple Choice 0.32. 1.33. 1.01. O 1.78
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