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

Toulouse Co. Lautrec Co.

Assets

Cash$129,700 $328,600

Receivables 221,800303,400

Inventories 574,600518,000

Total current assets926,1001,150,000

Other assets495,800614,100

Total assets$1,421,900$1,764,100

Liabilities and Stockholders' Equity

Current liabilities $292,400 $349,100

Long-term liabilities 407,400 495,800

Capital stock and retained earnings722,100 919,200

Total liabilities and stockholders' equity$1,421,900 $1,764,100

Annual sales$947,400 $1,517,700

Rate of gross profit on sales30% 35%

Each of these companies has requested a loan of $49,370 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.)

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