Question: A partial balance sheet for Company A is shown below. (dollars in thousands) Assets: Liabilities: Cash $ 62 Accounts payable $ 245 Accounts receivable (net)
A partial balance sheet for Company A is shown below. (dollars in thousands) Assets: Liabilities: Cash $ 62 Accounts payable $ 245 Accounts receivable (net) 180 Other liabilities 88 Investments 58 Total current liabilities 333 Inventory 205 Long-term liabilities 112 Prepaid rent 28 Total liabilities 445 Total current assets 533 Stockholders' equity: Property & Equipment, (net) 265 Common stock 160 Retained earnings 193 Total stockholders' equity 353 Total assets $ 798 Total liabilities and equity $ 798 The current ratio is: (Round your answer to 2 decimal places.) Multiple Choice 0.67. 2.60. 1.20. 1.60
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