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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 Prepaid
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 Unearned revenue Long-term notes payable Retained earnings Totals Dr. Cr. $ 83,000 36,000 14,600 300,000 $ 150,000 115,000 37,000 7,400 11,000 90,000 253,200 $548,600 $548,600 Multiple Choice Multiple Choice 2.08 0.41. 2.31 2.15 2.41 17
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