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.
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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A partial
(dollars in thousands)
Assets: | Liabilities: | ||||||
Cash | $ | 65 | Accounts payable | $ | 243 | ||
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 | ||||||
Property & Equipment, (net) | 264 | Common stock | 152 | ||||
191 | |||||||
Total stockholders’ equity | 343 | ||||||
Total assets | $ | 787 | Total liabilities and equity | $ | 787 | ||
The
Multiple Choice
-
0.66.
-
1.60.
-
2.59.
-
1.18.
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