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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 Land Accounts payable Interest payable Dr. $ 59,000 Cr. 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
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