The following information was drawn from the balance sheets of the Kansas and Montana companies: Kansas Montana $52,000

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The Following Information Was Drawn From The Balance Sheets Of The Kansas And Montana Companies Kansas Montana 52 000 1 (28.59 KiB) Viewed 8 times

The following information was drawn from the balance sheets of the Kansas and Montana companies: Kansas Montana $52,000 $70,000 35,000 31,800 Current assets Current liabilities Required a. Compute the current ratio for each company. b. Which company has the greater likelihood of being able to pay its bills? c. Assume that both companies have the same amount of total assets. Speculate as to which company would produce the higher return-on-assets ratio. Complete this question by entering your answers in the tabs below. Required A Required B Required C Compute the current ratio for each company. (Round your answers to 2 decimal places.) Current Ratio to 1 to 1 Kansas Montana < Required A Required B >