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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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