5.

As loan analyst for Flint Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $125,000 $320,000 Receivables 218,000 297,000 Inventories 580,000 500,000 Total current assets 923.000 1,117,000 Other assets 494.000 614,000 Total assets $1,417.000 $1,731,000 Liabilities and Stockholders' Equity Current liabilities $302,000 $338,000 Long-term liabilities 409,000 494,000 Capital stock and retained earnings 706.000 899,000 Total liabilities and stockholders' equity $1,417,000 $1,731,000 Annual sales $972,000 $1,488,000 Rate of gross profit on sales 30 % 40 % Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. Because your bank has reached its quota for loans of this type, only one of these requests is to be granted. Compute the various ratios for each company. (Round answer to 2 decimal places, e.g. 2.25.) Toulouse Co. Lautrec Co. Current ratio :1 :1 Acid-test ratio :1 :1 Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities :1 :1