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The following is the balance sheet for Green Landscaping. Assets Cash Accounts receivable Supplies Greene Landscaping Balance Sheet December 31, 2012 Liabilities $15,000 Accounts payable
The following is the balance sheet for Green Landscaping. Assets Cash Accounts receivable Supplies Greene Landscaping Balance Sheet December 31, 2012 Liabilities $15,000 Accounts payable 30,000 Salaries payable 4,000 Uneamed service revenue 8,000 Total liabilities $ 22,000 12,000 25.000 59,000 Prepaid insurance Equipment Less: Accumulated $85,000 Owner's Equity 1 En O A. 1.27 B. 97 O c. 25 D..68 12,000 Accounts receivable Supplies 30,000 Salaries payable 4,000 Uneamed service revenue 8,000 Total liabilities 25.000 59,000 $85,000 Prepaid insurance Equipment Less: Accumulated depreciation 10.000 Owner's Equity 75.000 A. Green, capital Total liabilities and owner's equity $132.000 Total liabilities and owner's equity 73.000 $132.000 Total assets $132.000 Which of the following is the current ratio? (Round to two decimal places.) O A. 1.27 B. .97 C. 25 OD. .68
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