Question: Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Credit Debit $ 65,000

 Use the information in the adjusted trial balance presented below to

Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company: Account Title Credit Debit $ 65,000 30,000 12,200 240,000 $ 120,000 109,000 Cash Accounts receivable Prepaid insurance Equipment Accumulated depreciation-Equipment Land Accounts payable Interest payable Unearned revenue Long-term notes payable Retained earnings Totals 31,000 5,900 9,200 72,000 218,100 $ 456,200 $ 456,200

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