A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) ...
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Accounting
A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands)
| 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 current ratio is (rounded to two decimal places):
1.98.
1.58.
1.17.
0.66.
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