FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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A partial balance sheet for Captain D's Sportswear is shown below.

 (dollars in thousands)
 

Assets:       Liabilities:      
Cash $ 65   Accounts payable $ 243  
Accounts receivable (net)   171   Other liabilities   84  
Investments   58   Total current liabilities   327  
Inventory   202   Long-term liabilities   117  
Prepaid rent   27   Total liabilities   444  
Total current assets   523   Stockholders' equity:      
Property & Equipment, (net)   264   Common stock   152  
        Retained earnings   191  
        Total stockholders’ equity   343  
Total assets $ 787   Total liabilities and equity $ 787  
 

 
The current ratio is: (Round your answer to 2 decimal places.)

 

Multiple Choice
  •  

    0.66.

  •  

    1.60.

  •  

    2.59.

  •  

    1.18.

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