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As loan analyst for Cheyenne Bank, you have been presented the following information. Toulouse Co. Lautrec Co Assets Cash Receivables Inventories $313,000 298,000 503,000 1,114,000
As loan analyst for Cheyenne Bank, you have been presented the following information. Toulouse Co. Lautrec Co Assets Cash Receivables Inventories $313,000 298,000 503,000 1,114,000 592,000 $1,371,000 $1,706,000 $118,000 226,000 548,000 892,000 479,000 Total current assets Other assets Total assets Liabilities and Stockholders' Equit Current liabilities Long-term liabilities Capital stock and retained earnings $360,000 479,000 867,000 $1,706,000 $894,000 $1,473,000 $315,000 389,000 667,000 $1,371,000 Total liabilities and stockholders' equity Annual sales 40 % Rate of gross profit on sales 30 % 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. 1 1 Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Cash to current liabilities times times times times
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