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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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