8

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. Assets Current assets: Cash Accounts receivable (net) Notes receivable Inventory Prepaid expenses Total current assets Equipment (net) $ 72 172 60 203 29 536 257 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 $ 234 75 309 95 404 140 249 389 $ 793 Total assets $ 793 The acid-test ratio is (Round your answer to 2 decimal places.): Multiple Choice 1.73