The following partial balance sheet ($ In thousands) for Palsano Seafood Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 231 72 303 97 Liabilities and Equity Current liabilities: $ 71 Accounts payable 185 Other current liabilities 50 Total current liabilities 205 Long-term liabilities 29 Total liabilities 540 Shareholders' equity: 274 Common stock Retained earnings Total shareholders' equity $814 Total liabilities and equity 400 138 276 414 $ 814 Total assets The acid-test ratio is (Round your answer to 2 decimal places.): Multiple Choice 1.78 1.01. 1.35 0.31