question archive The following partial balance sheet ($ in thousands) for Paisano Seafood Inc

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc

Subject:FinancePrice:2.87 Bought7

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

Assets       Liabilities and Equity
Current assets:       Current liabilities:      
Cash $ 61   Accounts payable $ 225  
Accounts receivable (net)   179   Other liabilities   60  
Notes receivable   57   Total current liabilities   285  
Inventories   215   Long-term liabilities   93  
Prepaid expenses   43   Total liabilities   378  
Total current assets   555   Shareholders' equity:      
Plant assets (net)   256   Capital stock   143  
        Retained earnings   290  
        Total shareholders' equity   433  
Total assets $ 811   Total liabilities and equity $ 811  
 


The current ratio is (Round your answer to two decimal places.):

Multiple Choice

2.17.

0.68.

1.47.

1.95.

Option 1

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