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Required Use the following information to prepare a classified balance sheet for Alpha Company at the end of Year 1 . The following information was drawn from the balance sheets of the Kansas and Montana companies: 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. Compute the current ratio for each company. Note: Round your answers to 2 decimal places. The following information was drawn from the balance sheets of the Kansas and Montana companies: 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. 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? ALPHA COMPANY Classified Balance Sheet As of December 31, Year 1 Current assets Total current assets Property, plant and equipment \\( \\$ \\) Total property, plant and equipment Total assets Liabilities and Stockholders' Equity The following information was drawn from the balance sheets of the Kansas and Montana companies: 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. Assume that both companies have the same amount of total assets. Speculate as to which company would produce the higher Assume that both compsil return-on-assets ratio. Which company would produce the higher roturn-on-assets ratio