(Answered) The following information was drawn from the 2013 balance

Accounting

The following information was drawn from the 2013 balance sheets of the Copper and Iron companies:

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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.

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