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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 Debit $ 59,000 Credit 28,000 11,400 220,000 $ 110,000 107,000 29,000 5,400 8,600 66,000 206,400 Unearned revenue Long-term notes payable. Retained earnings Totals $ 425,400 $ 425,400 Multiple Choice 2.19. 2.29. 2.02 2.49 0.44
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