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As loan analyst for Utrillo Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Cash Receivables Inventories $119,000 216,400 578,500 913,900 492,700
As loan analyst for Utrillo Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Cash Receivables Inventories $119,000 216,400 578,500 913,900 492,700 $1,406,600 $316,100 306,400 511,500 1,134,000 617,300 $1,751,300 Total current assets Other assets Total assets Current liabilities Long-term liabilities Capital stock and retained earnings $292,300 408,400 705,900 $1,406,600 $938,300 $350,800 492,700 907,800 $1,751,300 $1,496,400 Total liabilities and stockholders equity Annual sales Rate of gross profit on sales 25 % 35 % Each of these companies has requested a loan of $49,910 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
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