As loan analyst for Novak Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $114,000 $333,000 Receivables 225,000 311,000 Inventories 553,000 496,000 Total current assets 892.000 1,140,000 Other assets 484.000 601,000 Total assets $1,376.000 $1,741,000 Liabilities and Stockholders' Equity Current liabilities $316.000 $365.000 Long-term liabilities 405.000 484,000 0.1/1 Capital stock and retained earnings 655,000 892,000 Total liabilities and stockholders' equity $1,376,000 $1,741,000 Annual sales $901,000 $1,490,000 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 2.98 3.26 :1 1.78 Acid-test ratio 4.23 times times Accounts receivable turnover 69F Rain coming e here to search Toulouse Co. Lautrec Co. Current ratio 2.98 :1 3.26 Acid-test ratio 1.11 :1 1.78 Accounts receivable turnover 4.23 times 4.97 times Inventory turnover 1.14 times 1.74 times Cash to current liabilities :1 1 :1 e Textbook and Media Attempts: 1 of 3 used Subm