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Business Applications Case Using the current ratio
The following information was drawn from the balance sheets of the Alberta and Ottawa Companies.
Alberta Company
Ottawa Company
Current assets
$45,000
$72,000
Current liabilities
28,000
54,000
Required
a. Compute the current ratio for each company.
b. Which company has the greater likelihood of being able to pay its bills?
c. Assuming that both companies have the same amount of total assets, which company would produce the higher return on assets ratio?
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