The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below.
- The acid-test ratio is (Round your answer to two decimal places.):
A) 0.25.
B) 0.88.
C) 1.17.
D) 1.58.

Name: The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. - The acid-test ratio is (Round your answer to two decimal places.): A) 0.25. B) 0.88. C) 1.17. D) 1.58.
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Question

The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below. 
- The acid-test ratio is (Round your answer to two decimal places.):
A) 0.25. 
B) 0.88. 
C) 1.17. 
D) 1.58.

Quizplus · Accepted Answer

Acid-test ratio: ($505 - 200 - 25)/$320 = 0.88

The Following Partial Balance Sheet ($ in Thousands) for Paisano