Based on the Balance and Income Statements determine:

1) What percent of revenues result in profitet income?

2) Can the company meet liabilities? (can they pay short term bills)

3) What is the current ratio?

A Company Income Statement For Month ending 3/31/20XX Revenues \begin{tabular}{|c|ll} \hline Service Revenue & $ & 6,225.00 \\ \hline Total Revenues & & \\ \hline \end{tabular} Operating Expenses: \begin{tabular}{l|lr} \hline Advertising Expense & $ & 500.00 \\ \hline Business License Expense & $ & 250.00 \\ \hline Depreciation Expense & $ & 45.83 \\ \hline Insurance Expense & $ & 750.00 \\ \hline Rent Expenses & $ & 950.00 \\ \hline Repair and Maintenance & $ & 95.00 \\ \hline Utilities Expenses & $ & 135.00 \\ \hline Wages Expenses & $ & 275.00 \\ \hline Total Operating Expenses: & & \\ \hline & & 3,000.83 \\ \hline Net Income & & \\ \hline \end{tabular}