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2 0.33 points Skipped Use the information in the following adjusted trial balance for the Wilson Trucking Company. Account Title Cash Accounts receivable Office
2 0.33 points Skipped Use the information in the following adjusted trial balance for the Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Debit $ 8,800 16,500 2,000 199,000 Credit $ 40,994 75,000 12,800 3,000 Interest payable Long-term notes payable Common stock eBook Retained earnings Dividends Hint Print Trucking revenue Depreciation expense-Trucks Salaries expense Office supplies expense Interest expense Totals 58,000 52,753 140,000 19,000 100,500 26,441 47,135 5,528 8,643 References $ 408,047 $ 408,047 (a) Calculate the current ratio for Wilson Trucking. (b) Assuming Spalding (a competitor) has a current ratio of 1.5, which company is better able to pay its short-term obligations? Complete this question by entering your answers in the tabs below. Required A Required B Calculate the current ratio for Wilson Trucking. Numerator Current assets Current Ratio Denominator = Current Ratio Required A Required B > 0
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