A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Assets: Liabilities: Cash $68 Accounts payable $250 Accounts receivable (net) 180 Other liabilities 83 Investments 56 Total current liabilities 333 Inventory 208 Long-term liabilities 115 Prepaid rent 32 Total liabilities 448 Total current assets 544 Stockholders' equity: Property & Equipment, (net) 262 Common stock 158 Retained earnings 200 Total stockholders’ equity 358 Total assets $806 Total liabilities and equity $806 The current ratio is: (Round your answer to 2 decimal places.) Multiple Choice 1.63. 1.21. 2.62. 0.67.
A partial balance sheet for Captain D's Sportswear is shown below. (dollars in thousands) Assets: Liabilities: Cash $68 Accounts payable $250 Accounts receivable (net) 180 Other liabilities 83 Investments 56 Total current liabilities 333 Inventory 208 Long-term liabilities 115 Prepaid rent 32 Total liabilities 448 Total current assets 544 Stockholders' equity: Property & Equipment, (net) 262 Common stock 158 Retained earnings 200 Total stockholders’ equity 358 Total assets $806 Total liabilities and equity $806 The current ratio is: (Round your answer to 2 decimal places.) Multiple Choice 1.63. 1.21. 2.62. 0.67.
Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
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A partial balance sheet for Captain D's Sportswear is shown below.
(dollars in thousands)
| Assets: | Liabilities: | ||
| Cash | $68 | Accounts payable | $250 |
| Accounts receivable (net) | 180 | Other liabilities | 83 |
| Investments | 56 | Total current liabilities | 333 |
| Inventory | 208 | Long-term liabilities | 115 |
| Prepaid rent | 32 | Total liabilities | 448 |
| Total current assets | 544 | ||
| Property & Equipment, (net) | 262 | Common stock | 158 |
| 200 | |||
| Total stockholders’ equity | 358 | ||
| Total assets | $806 | Total liabilities and equity | $806 |
The current ratio is: (Round your answer to 2 decimal places.)
Multiple Choice
-
1.63.
-
1.21.
-
2.62.
-
0.67.
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