31:20 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 $ 8,700 Credit 16,500 2,000 175,000 $ 36,050 75,000 Accounts payable 12,700 Interest payable 3,000 ok Long-term notes payable 58,000 K. Wilson, Capital 157,052 ht K. Wilson, Withdrawals 19,000 ht Trucking revenue Salaries expense 135,000 Depreciation expense-Trucks 23,252 63,315 nces Office supplies expense 7,425 Repairs expense 11,610 $ 401,802 $ 401,802 Totals (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 sho Required A Required B Calculate the current ratio for Wilson Trucking. Choose Numerator Current Ratio Choose Denominator = Current Ratio Current ratio Required A Required B Assuming Spalding (a competitor) has a current ratio of 1.5, which company is better able to pay its short-term obligations? Assuming Spalding (a competitor) has a current ratio of 1.5, which company is better able to pay its short-term obligations? Required A Required B >