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Homework answers / question archive / A partial balance sheet ($s in thousands) for Captain D'sSeafood Inc

A partial balance sheet ($s in thousands) for Captain D'sSeafood Inc

Accounting

A partial balance sheet ($s in thousands) for Captain D'sSeafood Inc. is shown below. Assets: Liabilities: Cash $64 Accountspayable $242 Accounts receivable (net) 173 Other liabilities 82Notes receivable 59 Total current liabilities 324 Inventories 203Long-term liabilities 119 Prepaid expenses 32 Total liabilities 443Total current assets 531 Shareholders' equity: Plant assets (net)263 Capital stock 160 Retained earnings 191 Total stockholders’equity 351 Total assets $794 Total liabilities and equity $794 Thecurrent ratio is (Round your answer to 2 decimal places):

1.64 times

1.20 times

.67 times

2.62 times

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