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Use the information in the following adjusted trial balance for the Wilson Trucking Company Credit Debig $ 6, 600 16,500 2,000 173,000 $ 35,638 75,000

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Use the information in the following adjusted trial balance for the Wilson Trucking Company Credit Debig $ 6, 600 16,500 2,000 173,000 $ 35,638 75,000 Account Title Caah 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 Trucka Salaries expense Office supplies expense Repairs expense Trucks Totals 10.600 3,000 52,000 158,665 19,000 141,500 22,987 66, 361 9.783 12,269 $401, 403 $401, 403 1. Calculate the current ratio. Assume that the industry average for the current ratio is 1.5. Choose Numerator: Current Ratio Choose Denominator Current Ratio Current ratio 2. Compare Wilson's current ratio with the industry average O Wilson's current ratio is above the industry average Wilson's current ratio is below the industry average

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