Exercise $4-14($Algo$)$ Computing the current ratio LO A$1$

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

$($a$)$ Calculate the current ratio for Wilson Trucking.

$($b$)$ Assuming Spalding $($a competitor$)$ has a current ratio of $1\mathrm{.}5,$ which company is better able to pay its short$-$term obligations?

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Calculate the current ratio for Wilson Trucking.