Use the following items taken from the financial statements of the Postal Service for the year ending December 31, 2012 Accounts payable $ 9,000 Accounts receivable 11,000 Accumulated depreciation - equipment 28,000 Advertising expense 21,000 Cash 11,000 Owner's capital (1/1/12) 105,000 Owner's drawings 14,000 Depreciation expense 12,000 Insurance expense 3,000 Note payable, due 6/30/13 5,000 Prepaid insurance (6 - month policy) 6,000 Rent expense 17,000 Salaries and wages expense 32,000 Service revenue 125,000 Supplies 4,000 Supplies expense 6,000 Equipment (Long-term) 210,000.)

 

 

what are the current liabilities  for 2012

what are the total current assets for 2012

what is the current ratio of 2012