use the information in the adjusted trial balance reported in exercise 411 to compute the current ratio as of the balance sheet date (round the ratio to two decimals). interpret the current ratio for the wilson trucking copany. (assume that the industry average for the current ratio is 1.5)

Account Title	Debit	Credit
Cash	$	8,000
Accounts receivable		17,500
Office supplies		3,000
Trucks		172,000
Accumulated depreciationTrucks			$	36,000
Land		85,000
Accounts payable				12,000
Interest payable				4,000
Long-term notes payable				53,000
Common Stock				175,000
Retained earnings
Dividends		20,000
Trucking fees earned				130,000
Depreciation expenseTrucks		23,500
Salaries expense		61,000
Office supplies expense		8,000
Repairs expenseTrucks		12,000
					Totals	$	410,000	$	410,000