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As loan analyst for Oriole Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets SUS Cash $114,000 $330,000 Receivables 229,000 301.000
As loan analyst for Oriole Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets SUS Cash $114,000 $330,000 Receivables 229,000 301.000 Inventories 597,000 531,000 Total current assets 940,000 1,162,000 Other assets 479,000 587,000 Total assets $1,419,000 $1,749,000 Liabilities and Stockholders' Equity. Current liabilities Long-term liabilities $314,000 402,000 703.000 $345,000 479,000 925,000 Capital stock and retained earnings Total liabilities and stockholders' equity $1,419,000 $1,749,000 Annual sales $936,000 $1,564,000 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 Acid-test ratio :1 Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities :1
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