Table 4-2 Roxanne Wilson, Attorney, P.A. Balance Sheet December 31, 2019 Assets Liabilities Cash Accounts receivable $405 Accounts payable $320 560 Salary payable 20 Supplies 15 Unearned revenue 110 Prepaid insurance 60 Note payable (due in 5 years) 415 Equipment $400 Total liabilities 865 Less: Acc. depr. 45 355 Stockholders' Equity Land Total assets 400 $1,795 Common Stock 600 Retained Earnings 330 Total liabilities & Stockholders' Equity $1,795 9. Refer to Table 4-2. Calculate the current ratio for Roxanne Wilson, Attorney, P.A. ABCA A. 1.20 B. 3.10 C. 2.31 D. 2.08 10. Which of the following is FALSE? A. B. ABCA Earnings Per Share = Net Income / Average Shares of Common Stock Outstanding Current Ratio = Current Liabilities / Current Assets Gross Profit Percentage = Gross Profit / Sales C. D. Sales - Cost of Goods Sold = Gross Profit