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help plz!!! urgent! The following information was drawn from the balance sheets of the Kansas and Montana companies. Current assets Current liabilities Kansas $51.000 25,200
help plz!!! urgent!
The following information was drawn from the balance sheets of the Kansas and Montana companies. Current assets Current liabilities Kansas $51.000 25,200 Montana $70,000 28,000 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 Compute the current ratio for each company. (Round your answers to 2 decimal places.) Current Ratio to 1 Kansas Montana to 1 Red Required B > The following information was drawn from the balance sheets of the Kansas and Montana companies Kansas Montana Current assets $51,000 $70,000 Current liabilities 25,200 28,000 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 Requind B Required 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 bille? Step by Step Solution
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