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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