The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below....
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Accounting
| The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. |
| Current assets: | Current liabilities: | |||
| Cash | $ 67 | Accounts payable | $234 | |
| Accounts receivable (net) | 178 | Other liabilities | 77 | |
| Notes receivable | 52 | Total current liabilities | 311 | |
| Inventories | 219 | Long-term liabilities | 109 | |
| Prepaid expenses | 40 | Total liabilities | 420 | |
| Total current assets | 556 | Shareholders' equity: | ||
| Plant assets (net) | 268 | Capital stock | 135 | |
| Retained earnings | 269 | |||
| Total shareholders' equity | 404 | |||
| Total assets | $824 | Total liabilities and equity | $824 |
| Quick assets total: |
$245 thousand.
$297 thousand.
$337 thousand.
$67 thousand.
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