Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit...
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Accounting
Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 6,600 16,500 2,000 192,000 $ 39,552 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 10,600 3,000 52,000 179,589 19,000 133,000 25,511 62,372 7,315 11,438 $417,74 $ 417,741 1. Calculate the current ratio. (Assume that the industry average for the current ratio is 1.5.) Choose Numerator: Current Ratio Choose Denominator: 1 Current Ratio Current ratio
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