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The following information was drawn from the balance sheets of the Kansas and Montana companies: Current assets Current liabilities Kansas $56,880 50,400 Montana $56,080 11,280

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The following information was drawn from the balance sheets of the Kansas and Montana companies: Current assets Current liabilities Kansas $56,880 50,400 Montana $56,080 11,280 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 Kansas Montana Required A Required 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 bills? 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

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