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As loan analyst for Novak Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $116,000 $332,000 Receivables 226,000 315,000
As loan analyst for Novak Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $116,000 $332,000 Receivables 226,000 315,000 Inventories 564,000 541,000 Total current assets 906,000 1,188,000 Other assets 505,000 595,000 Total assets $1,411,000 $1,783,000
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