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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
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 Debit Credit $ 26,000 17,000 7,000 110,000 $ 55,000 96,000 Land Accounts payable 18,000 Interest payable 2,650 Unearned revenue 5,300 Long-term notes payable 33,000 Retained earnings 142,050 Totals $256,000 $256,000 3.70. 0.52. 1.83. 1.66. 1.93.
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