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As loan analyst for Ivanhoe Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories Total current assets Other

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As loan analyst for Ivanhoe Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories Total current assets Other assets Total assets $115,000 211,000 595,000 921,000 522,000 $1,443,000 $316,000 305,000 539,000 1,160,000 629,000 $1,789,000 Liabilities and Stockholders' Equity. Current liabilities $299,000 Long-term liabilities 386,000 Capital stock and retained earnings 758,000 Total liabilities and stockholders' equity $1,443,000 Annual sales $927,000 Rate of gross profit on sales 30 % $336,000 522,000 931,000 $1,789,000 $1,552,000 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

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