Question: A partial balance sheet ($s in thousands) for Captain D's Sportswear is shown below. Assets: Liabilities: Cash $67 Accounts payable $250 Accounts receivable (net) 177

A partial balance sheet ($s in thousands) for Captain D's Sportswear is shown below.

Assets: Liabilities:
Cash $67 Accounts payable $250
Accounts receivable (net) 177 Other liabilities

83

Investments 55 Total current liabilities 333
Inventory 210 Long-term liabilities

113

Prepaid rent

34

Total liabilities 446
Total current assets 543 Stockholders' equity:
Property & Equipment (net) 261 Common stock 152
Retained earnings

206

Total stockholders equity 358
Total assets

$804

Total liabilities and equity

$804

The current ratio is:

2.59 times

0.68 times

1.22 times

1.63 times

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