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  3. the following information was drawn from the balan

The following information was drawn from the balance sheets of the Kansas and Montana companies:...

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The following information was drawn from the balance sheets of the Kansas and Montana companies: Current assets Current liabilities KansasMontana $55,000 $67,000 27,500 13,400 Requirec 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 >

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