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2 0.33 points Use the information in the following adjusted trial balance for the Wilson Trucking Company. Account Title Cash Accounts receivable Office supplies Trucks
2 0.33 points 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 Debit Credit $ 6,600 16,500 2,000 Accounts payable eBook Interest payable Long-term notes payable Common stock Retained earnings Hint Dividends Trucking revenue Depreciation expense-Trucks Salaries expense Print Office supplies expense Interest expense Totals References 167,000 $ 34,402 75,000 10,600 3,000 58,000 21,923 140,000 19,000 103,500 22,189 48,542 5,693 8,901 $ 371,425 $ 371,425 (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 Ratio Denominator Current Ratio < Required A Required B >
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