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Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 9,700 16,500 2,000 174,000 $ 35,844 75,000 Account

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Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 9,700 16,500 2,000 174,000 $ 35,844 75,000 Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable K. Wilson, Capital K. Wilson, Withdrawals Trucking fees earned Depreciation expense-Trucks Salaries expense office supplies expense Repairs expense-Trucks Totals 13,700 3,000 52,000 160, 370 19,000 139,500 23, 119 65,425 7,673 11,997 $ 404,414 $ 404,414 1. Calculate the current ratio. Assume that the industry average for the current ratio is 1.5. Answer is not complete. Choose Numerator: Current assets Current Ratio Choose Denominator: Current liabilities Current Ratio 1 Current ratio 1 0

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