Exercise 4-14 (Algo) Computing the current ratio LO A1 Use the information in the following adjusted trial balance for the Wilson Trucking Comp Account Title Cash Accounts receivable Debit Credit $ 7,100 16,500 Office supplies 2,000 Trucks Accumulated depreciation-Trucks mus Land Accounts payable 188,000 $ 38,728 75,000 11,100 Interest payable 3,000 Long-term notes payable 58,000 K. Wilson, Capital K. Wilson, Withdrawals Trucking revenue Depreciation expense-Trucks Salaries expense 168,127 19,000 137,500 24,980 64,487 Office supplies expense Repairs expense 7,563 11,825 $416,455 $ 416,455 Totals (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 Complete this question by entering your answers in the tabs below. Required A Required B Calculate the current ratio for Wilson Trucking. Choose Numerator Current Ratio Choose Denominator Current Ratio Current ratio =