Question: The following partial balance sheet ($ in thousands) for Paisano Seafood Inc. is shown below:
Current Assets
Cash - $60
Accounts receivable (net) - 170
Notes receivable - 50
Inventories - 200
Prepaid expenses - 25
Total current assets - 505
Plant assets (net) - 255
Total assets $760
Current Liabilities
Accounts payable - $240
Other liabilities - 80
Total current liabilities - 320
Long term liabilities - 110
Total liabilities - 430
Shareholders' equity
Capital Stock - 150
Retained Earnings - 180
Total shareholders' equity - 330
Total liabilities and equity - 760
What would the acid-test ratio be?