Use the information in the following adjusted trial balance for the Wilson Trucking Company.

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
K. Wilson, Capital					175,000
K. Wilson, Withdrawals		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

1. Calculate the current ratio. Assume that the industry average for the current ratio is 1.5.

Current Ratio
Choose Numerator:	/	Choose Denominator:	=	Current Ratio
Current assets	/	Current liabilities	=	Current ratio
\	/		=	0