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Use the information in the following adjusted trial balance for the Wilson Trucking Company. . Account Title Debit Credit Cash $ 8, 600 Accounts receivable

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Use the information in the following adjusted trial balance for the Wilson Trucking Company. . Account Title Debit Credit Cash $ 8, 600 Accounts receivable 16, 500 Office supplies 2,000 Trucks 182, 000 Accumulated depreciation Trucks $ 37, 492 Land 75, 000 Accounts payable 12, 600 Interest payable 3,000 Long-term notes payable 58, 000 K. Wilson, Capital 165, 296 K. Wilson, Withdrawals 19, 000 Trucking revenue 130, 500 Depreciation expense-Trucks 24, 182 Salaries expense 61, 205 Office supplies expense 7, 178 Repairs expense 11, 223 Totals $ 406, 888 $ 406, 888 (a) Calculate the current ratio for Wilson Trucking (b) Assuming Spalding (a competitor) has a current ratio of 1.5, which company is better able to pay its short-term

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