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Compute Profit margin, current ratio, debt to asset, and asset turnover ratios. Balance Sheet As on April 30 $ $ ASSETS Lanscaping Equipment 15,000 Cash
Compute Profit margin, current ratio, debt to asset, and asset turnover ratios.
Balance Sheet | ||
As on April 30 | ||
$ | $ | |
ASSETS | ||
Lanscaping Equipment | 15,000 | |
Cash | 55,300 | |
Prepaid Insurance | 3,300 | |
Landscaping supplies | 300 | |
Accounts Receivable | 600 | |
Total Assets | 74,500 | |
Equity and Liabilities | ||
Equity | ||
Common Stock | 50,000 | |
Retained Earnings | 20,750 | |
Total Equity | 70,750 | |
Liabilities | ||
Accounts Payable | 3,750 | |
Total Equity and Liabilities | 74,500 | |
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