Exercise 9-15A (Algo) Using the current ratio to make comparisons LO 9-7 The following information was drawn from the balance sheets of the Kansas and Montana companies: Current assets Current liabilities Kansas $56,000 39,200 Montana $54,000 21,600 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 8 Required Compute the current ratio for each company. (Round your answers to 2 decimal places.) Current Ratio Kansas Montana to 1 to 1 Required Required B > Would produce the higher Complete this question by entering your answers in the tabs below. Required A Required B Required C Which company has the greater likelihood of being able to pay its bills? Which company has the greater likelihood of being able to pay its bills? Complete this question by entering your answers in the tabs below. Required A Required B Required 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. Which company would produce the higher return-on-assets ratio?