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The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below The acid-test ratio is (rounded): Select one: a. 1.58. b.

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

The acid-test ratio is (rounded):

Select one:

a. 1.58.

b. 0.25.

c. 0.88.

d. 1.17.

Current assets: Current Liabilities: Cash Accounts receivable (net) Notes receivable Inventories Prepaid expenses Total current assets Plant assets (net) $ 60 170 $240 SO 50 200 320 Accounts payable Other liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity: Capital stock Retained earnings Total shareholders' equity Total liabilities and equity 10 430 505 255 Total assets $760 150 180 330 $760

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