22

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. 5:09 Assets Current assets! Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 77 174 52 220 35 558 273 Liabilities and Equity Current liabilities: Accounts payable Other current liabilities Total current liabilities Long-term liabilities Total liabilities Shareholders' equity! Common stock Retained earnings Total shareholders' equity Total liabilities and equity $ 221 75 296 101 397 137 297 Total assets $831 $ 831 The acid-test ratio is (Round your answer to 2 decimal places.) Multiple Choice 1.41 0.35 1.89