A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) IS...
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Accounting
A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) IS Assets: Liabilities: Cash $ 60 Accounts payable $ 240 Accounts receivable (net) 170 Other liabilities 80 Investments 50 Total current liabilities 320 Inventory 200 Long-term liabilities -110 Prepaid rent 25 Total liabilities 430 Total current assets 505 Stockholders' equity: Property & Equipment, (net) 255 Common stock 150 Retained earnings 180 Total stockholders' equity 330 Total assets $ 760 Total liabilities and equity $ 760 The acid-test ratio is: (Round your answer to 2 decimal places.)
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