The following partial balance sheet (S in thousands) for Paisano Seafood Inc. is shown below. iabilities and Equity Assets Current assets: Current liabilities: Cash Accounts receivable (net) Notes receivable Inventories Prepaid expenses Accounts payable Other 1iabilitios $ 231 69 380 186 486 67 171 51 Total current liabilities 03 Long-term liabilities 36 Total liabilities Total current assets Plant assets (net) 528 Shareholders' equity: 258 Capital stock 149 231 380 5 786 Retained earnings Total shareholders' equity Total assets 5786 Total liabilities and equity The current ratio is (Round your answer to two decimal pleces.): Multiple Choice 1.30 2.05 0.67 176 The matching principle: Multiple Chaice Provides guidelines where expenses should be placed in the income starement Describes how expenses should be split between Cost of Gcads Sold end Selling Expense Indicates how currentassets and current liabilities are presented on the balance sheet Requires all relevant expenses be recorded In the same period os the revenues that are generated from having Incumed the expense