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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.

Assets Liabilities and Equity
Current assets: Current liabilities:
Cash $ 73 Accounts payable $ 236
Accounts receivable (net) 181 Other liabilities 67
Notes receivable 67 Total current liabilities 303
Inventories 204 Long-term liabilities 101
Prepaid expenses 36 Total liabilities 404
Total current assets 561 Shareholders' equity:
Plant assets (net) 260 Capital stock 139
Retained earnings 278
Total shareholders' equity 417
Total assets $ 821 Total liabilities and equity $ 821

The acid-test ratio is (Round your answer to two decimal places.):

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