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Check Use the information in the following adjusted trial balance for the Wilson Trucking Company Credit Debit $ 5,500 16,50 2.ee 185.000 $ 38, 110

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Check Use the information in the following adjusted trial balance for the Wilson Trucking Company Credit Debit $ 5,500 16,50 2.ee 185.000 $ 38, 110 75,000 Account Title Cash Accounts receivable office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense Totals 9,500 3,000 58,000 167,101 19,000 133,000 24,581 62,377 7,215 11,438 $ 400,711 $ 403,711 (a) Calculate the current ratio for Wilson Trucking (b) Assuming Spalding (a competitor) has a current ratio of 15, which company is better able to pay its short-term obligations? (a) Calculate the current ratio for Wilson Trucking (b) Assuming Spalding (a competitor) has a current ratio of 15, which company is better able to pay its short-term obligations? Complete this question by entering your answers in the tabs below. Show less Required A Required B Calculate the current ratio for Wilson Trucking. Current Ratio Choose Numerator Choose Denominator Current Ratio Current ratio Required B > (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. Show less 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 15, which company is better able to pay its short-term obligations?

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