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Use the following data to calculate the current ratio. Blues Lawn Service Balance Sheet December 31, 2022 Cash $1072 Accounts payable $560 Accounts receivable 330
Use the following data to calculate the current ratio.
Blues Lawn Service Balance Sheet December 31, 2022 | |||||
---|---|---|---|---|---|
Cash | $1072 | Accounts payable | $560 | ||
Accounts receivable | 330 | Salaries and wages payable | 160 | ||
Supplies | 80 | Note payable (due 2024) | 22100 | ||
Prepaid insurance | 930 | Total liabilities | 22820 | ||
Equipment | $33600 | Common stock | 7762 | ||
Less: Accumulated depreciation | (5100) | Unresolved | Retained earnings | 1360 | |
Internet domain | 1030 | Total stockholders equity | 9122 | ||
Total assets | $31942 | Total liabilities and stockholders equity | $31942 |
1.75 : 1
3.35 : 1
3.24 : 1
1.95 : 1
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