(TCO 4) Below is the partial balance sheet ($ in thousands) for Paisano Seafood Inc. The current ratio (rounded) is

(TCO 4) Below is the partial balance sheet ($ in thousands) for Paisano Seafood Inc.

The current ratio (rounded) is

1.98.

1.58.

1.17.

0.66.

quiz 3

TCO 5) The distinction between operating and non-operating income relates to

continuity of income.

principal activities of the reporting entity.

consistency of income stream.

reliability of measurements.

Instructor Explanation: See Chapter 4.

Points Received: 4 of 4

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