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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 Credit Debit $ 65,000
Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Credit Debit $ 65,000 30,000 12,200 240,000 $ 120,000 109,000 Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 31,000 5,900 9,200 72,000 218,100 $ 456,200 $ 456,200
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