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Use the information in the following adjusted trial balance for the Wilson Trucking Company. Account...

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Accounting

Use the information in the following adjusted trial balance for the Wilson Trucking Company. 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 revenue Depreciation expense-Trucks Salaries expense Office supplies expense Repairs expense Totals Debit Required A $ 5,400 16,500 2,000 175,000 Required B 75,000 19,000 23,252 68,474 8,030 12,556 $ 405,212 Credit $ 36,050 9,400 3,000 58,000 152,762 146,000 (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 oblig

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$ 405,212 Complete this question by entering your answers in the tabs below. V 2 of 5 --- G Next > Show less A

i) Calculate the current ratio for Wilson Trucking. o) Assuming Spalding (a competitor) has a current ratio of 1.5 , which company is better able to pay its short-term obligations? Complete this question by entering your answers in the tabs below. Show less Calculate the current ratio for Wilson Trucking

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