As loan analyst for Tamarisk Bank, you have been presented the following information.

Era Co. McCoy Co.

Assets

Cash $210,000 $152,000

Receivables 110,000 240,000

Inventories 488,000 394,000

Total current assets 808,000 786,000

Other assets 239,000 396,000

Total assets $1,047,000 $1,182,000

Liabilities and Equity Current liabilities $237,000 $388,000

Long-term liabilities 205,000 313,000

Capital stock and retained earnings 605,000 481,000

Total liabilities and equity $1,047,000 $1,182,000

Annual sales $1,280,000 $2,390,000

Rate of gross profit on sales 35 % 25 %

Each of these companies has requested a loan of $207,000 for 6 months with no collateral offered. In as much as 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.)

	Era Co.			McCoy Co.
Current ratio		enter the ratio rounded to 2 decimal places	: 1		enter the ratio rounded to 2 decimal places	: 1
Acid-test ratio		enter the ratio rounded to 2 decimal places	: 1		enter the ratio rounded to 2 decimal places	: 1
Accounts receivable turnover		enter a number of times rounded to 2 decimal places	times		enter a number of times rounded to 2 decimal places	times
Inventory turnover		enter a number of times rounded to 2 decimal places	times		enter a number of times rounded to 2 decimal places	times
Cash to current liabilities		enter the ratio rounded to 2 decimal places	: 1		enter the ratio rounded to 2 decimal places	: 1