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37) Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Cash Accounts receivable
37) Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Dr. Cr. $ 23,000 16,000 6,600 100,000 $ 50,000 95,000 17,000 2,400 5,000 30,000 136,200 $ 240,600 $ 240,600 B) 1.87 A) 1.60. C).54. D) 1.77. E) 3.92
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