Exercise 4-13 Computing the current ratio LO A1 Use the information in the following adjusted trial balance for the Wilson Trucking Company Cash Account Title Accounts receivable Office supplies Trucks Land Accounts payable Debit $ 8,900 Credit 16,500 2,000 159,000 Accumulated depreciation-Trucks $ 32,754 75,000 12,900 Interest payable 3,000 Long-term notes payable 52,000 K. Wilson, Capital 148,027 K. Wilson, withdrawals 19,000 Trucking fees earned 135,500 Depreciation expense-Trucks 21,126 Salaries expense 63,549 office supplies expense 7,453 Repairs expense-Trucks 11,653 Totals $384,181 $384,181 1. Calculate the current ratio. Assume that the industry average for the current ratio is 1.5. Check my work