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The following partial balance sheet ($ in thousands)for Paisano Seafood Inc.is shown below.
-The current ratio is (rounded):

Question

Use the following to answer questions 
The following partial balance sheet ($ in thousands)for Paisano Seafood Inc.is shown below. 
-The current ratio is (rounded):

Quizplus · Accepted Answer

The current ratio is calculated by dividing current assets by current liabilities. In this case, the current assets are $1,556,000 and the current liabilities are $984,000, giving a current ratio of 1.58 (rounded to two decimal places). A current ratio of 1.58 means that the company has $1.58 in current assets for every $1 in current liabilities, which is generally considered a good indicator of short-term liquidity.

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