Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term...

  

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Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Debit $ 7,300 16,500 2,000 166,000 Credit $ 34,196 75,000 11,300 3,000 58,000 Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals 20,996 140,000 19,000 103,500 22,056 48,542 5,693 8,901 $ 370,992 $ 370,992 (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 i Complete this question by entering your answers in the tabs below. Required A Required B Calculate the current ratio for Wilson Trucking. Numerator + + Current Ratio Denominator Current Ratio Account Title Cash Accounts receivable Office supplies Trucks Accumulated depreciation-Trucks Land Accounts payable Interest payable Long-term notes payable Debit $ 7,300 16,500 2,000 166,000 Credit $ 34,196 75,000 11,300 3,000 58,000 Common stock Retained earnings Dividends Trucking revenue Depreciation expense-Trucks Salaries expense office supplies expense Interest expense Totals 20,996 140,000 19,000 103,500 22,056 48,542 5,693 8,901 $ 370,992 $ 370,992 (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 i Complete this question by entering your answers in the tabs below. Required A Required B Calculate the current ratio for Wilson Trucking. Numerator + + Current Ratio Denominator Current Ratio