The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Liabilities and Equity Current assets: Current liabilities: Cash $ 70 Accounts payable $ 233 Accounts receivable (net) 177 Other current liabilities 72 Notes receivable 51 Total current liabilities 305 Inventory 216 Long-term liabilities 90 Prepaid expenses 27 Total liabilities 395 Total current assets 541 Shareholders' equity: Equipment (net) 260 Common stock 142 Retained earnings 264 Total shareholders' equity 406 Total assets $ 801 Total liabilities and equity $ 801 The current ratio is (Round your answer to 2 decimal places.): Multiple Choice 1.77. 0.68. 1.37. 2.08.