Exerclse 9-14A (Algo) Preparlng a classlfled balance sheet LO 9-6 Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Exerclse 9-15A (Algo) Using the current ratlo to make comparlsons LO 9-7 The following information was drawn from the balance sheets of the Kansas and Montana companies. Requlred o. 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. Compute the current ratio for each company. (Round your answers to 2 decimal places.) Exerclse 9-14A (Algo) Preparlng a classlfled balance sheet LO 9-6 Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1. Exerclse 9-15A (Algo) Using the current ratlo to make comparlsons LO 9-7 The following information was drawn from the balance sheets of the Kansas and Montana companies. Requlred o. 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. Compute the current ratio for each company. (Round your answers to 2 decimal places.)