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The following is the adjusted trial balance for Mandrake Inc. on September 30, 2023. The company opened on October 1, 2022. Account DEBIT CREDIT Cash

The following is the adjusted trial balance for Mandrake Inc. on September 30, 2023. The company opened on October 1, 2022.

Account DEBIT CREDIT
Cash 10,000
Accounts receivable 14,000
Prepaid insurance 2,000
Vehicles 35,000
Accumulated depreciation 5,000
Accounts payable 12,000
Interest payable 200
Unearned revenue 1,500
Note payable due September 30, 2025 30,000
Common stock 5,000
Revenue 50,000
Expenses 42,700
Totals 103,700 103,700

What was Mandrake's current ratio? (Round to one decimal place.)

What was Mandrake's profit margin? (Enter as a percentage rounded to one decimal place. Include the % sign. HINT: The decimal 0.25422) written as a percentage, one decimal place, is 25.4%)

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