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As loan analyst for Utrillo Bank, you have been presented the following information. Toulouse Co. Lautrec Co. $329,400 307,400 512,200 1,149,000 616,500 $1,765,500 Cash Receivables
As loan analyst for Utrillo Bank, you have been presented the following information.
Toulouse Co. Lautrec Co. $329,400 307,400 512,200 1,149,000 616,500 $1,765,500 Cash Receivables Inventories 111,200 214,300 574,100 899,600 490,200 $1,389,800 Total current assets Other assets Total assets $304,900 404,500 680,400 $1,389,800 $939,800 $350,300 490,200 925,000 $1,765,500 $1,517,800 Current liabilities Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders equity Annual sales Rate of gross profit on sales 30 % 40% Each of these companies has requested a loan of $50,860 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 grantedStep by Step Solution
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