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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.

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.

FINANCIAL ACCOUNTING
FINANCIAL ACCOUNTING
10th Edition
ISBN:9781259964947
Author:Libby
Publisher:Libby
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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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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