Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 8,000 17,500 3,000 172,000 $ 36,000 85,000 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 12,000 4,000 53,000 175,000 20,000 130,000 23,500 61,000 8,000 12,000 $410,000 $410,000 1. Calculate the current ratio. Assume that the industry average for the current ratio is 1.5. Current Ratio Choose Denominator: Choose Numerator: Current Ratio Current ratio =