The following information was drawn from the balance sheets of the Kansas and Montana companies:...
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Accounting
The following information was drawn from the balance sheets of the Kansas and Montana companies:
Current assets
Current AbLE sos
Kansas
$ 66,000
41, 100
Montana
$ 88,000
44000
Required
a. Compute the current ratio for each compani
- Which company has the greater likelihood of being able to pay its bills?
- 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.
References
Required A
Required B
Required C
Compute the current ratio for each company.
Note: Round vour answers to 2 decimal places
Current Ratio
Kansas
Montana
to 1
to
The following information was drawn from the balance sheets of the Kansas and Montana companies:
Current assets
Current AbLE sos
Kansas
$ 66,000
41, 100
Montana
$ 88,000
44000
Required
a. Compute the current ratio for each compani
- Which company has the greater likelihood of being able to pay its bills?
- 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.
References
Required A
Required B
Required C
Compute the current ratio for each company.
Note: Round vour answers to 2 decimal places
Current Ratio
Kansas
Montana
to 1
to
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