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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

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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. $ 26,000 17,000 7,000 110,000 $ 55,000 96,000 18,000 2,650 5,300 33,000 142,050 $ 256,000 $256,000 Multiple Choice 1.83 1.66 0.52 1.93 3.70

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