Exercise 4-13 Computing the current ratio LO A1 Use the information in the following adjusted trial balance for the Wilson Trucking Company. Account Title Debit Credit Cash $ 9,800 Accounts receivable 16,500 Office supplies 2,000 Trucks 200,000 Accumulated depreciation-Trucks $ 41,200 Land 75,000 Accounts payable 13,800 Interest payable 3,000 Long-term notes payable 52,000 K. Wilson, Capital 190, 320 K. Wilson, Withdrawals 19,000 Trucking fees earned 124,500 Depreciation expense-Trucks 26,574 Salaries expense 58,391 Office supplies expense 6,848 Repairs expense-Trucks 10,707 Totals $424,820 $424,820 1. Calculate the current ratio. Assume that the industry average for the current ratio is 1.5. Choose Numerator: Current assets 1 / Current Ratio Choose Denominator: Current liabilities Current Ratio Current ratio / 0