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Levels Tought:
Elementary,Middle School,High School,College,University,PHD
| Teaching Since: | May 2017 |
| Last Sign in: | 402 Weeks Ago, 3 Days Ago |
| Questions Answered: | 66690 |
| Tutorials Posted: | 66688 |
MCS,PHD
Argosy University/ Phoniex University/
Nov-2005 - Oct-2011
Professor
Phoniex University
Oct-2001 - Nov-2016
A partial balance sheet ($s in thousands) for Captain D's Sportswear is shown below.
| Â Â Assets: | Â | Â Â Liabilities: | Â |
| Â Â Cash | $67 | Â Â Accounts payable | $243 |
| Â Â Accounts receivable (net) | 171 | Â Â Other liabilities |
89 |
| Â Â Notes receivable | 58 | Â Â Total current liabilities | 332 |
| Â Â Inventories | 210 | Â Â Long-term liabilities |
117 |
| Â Â Prepaid expenses |
34 |
   Total liabilities | 449 |
| Â Â Â Â Â Total current assets | 540 | Â Â Shareholders' equity: | Â |
| Â Â Plant assets (net) | 258 | Â Â Capital stock | 151 |
| Â | Â | Â Â Retained earnings |
198 |
|  |  |   Total stockholdersAc€?c equity | 349 |
| Â Â Total assets |
$798 |
  Total liabilities and equity |
$798 |
The current ratio is (Round your answer to 2 decimal places):
| Â | 1.63 times |
| Â | 1.20 times |
| Â | .68 times |
| Â | 2.57 times |
Â
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