Use the information in the adjusted trial balance presented below to calculate the current ratio for Wicked Wicker Company:Account TitleDr. Cr.Cash$23,000 Accounts receivable 16,000 Prepaid insurance 6,600 Equipment 100,000 Accumulated depreciation?Equipment $50,000 Land 95,000 Accounts payable 17,000 Interest payable 2,400 Unearned revenue 5,000 Long-term notes payable 30,000 Retained earnings 136,200 Totals$240,600 $240,600
A. 1.87.
B. .54.
C. 1.77.
D. 1.60.
E. 3.92.
Answer: A
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