Exercise 4-13 Computing the current ratio LO A1 Use the information in the following adjusted trial balance for the Wilson Trucking Company. Credit Debit $ 8,400 16,500 2,000 176,000 $ 36, 256 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 12,400 3,000 52,000 171,779 19,000 115,000 23,385 53,935 6,325 9,890 $390, 435 $390,435 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