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Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cash Account Title Accounts receivable Prepaid
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Cash Account Title Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals Debit Credit $ 29,000 18,000 7,400 120,000 $ 60,000 97,000 19,000 $ 271,400 2,900 5,600 36,000 147,900 $ 271,400 O 1.71. 3.53. 1.88. 1.98. 0.51
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