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  3. the following partial balance sheet ($ in thousand

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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