Remove biscuit dough from the cans and set aside.
Heat vegetable oil over medium heat in a large saucepan to 350-375 degrees Fahrenheit.
Cut a hole into the center of each of the biscuits with a small cookie cutter until you have 10 biscuits and 10 biscuit holes.
Add donuts and donut holes to the hot grease about 3 at a time so that cooking and turning the biscuits is easy. The biscuits will cook fast, so turn them every 30-45 seconds to make sure they are cooking evenly.
Remove the biscuit donuts and donut holes to a wired cooling rack. Cool completely.
While the donuts are cooling, heat container of icing in the microwave for about 30 seconds.
Add green food coloring and stir until the color is uniform, empty into a mixing bowl.
Dip donuts and donut holes into the green frosting. Once they’ve all been frosted, place them back onto the cooling rack and allow them to set before adding a second coat of frosting, if desired. Decorate with sprinkles.
Place the frosted biscuits into the refrigerator for 20 minutes to allow the frosting to cool and harden.
Serve immediately.