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As loan analyst for Vaughn Bank, you have been presented the following information. Assets Cash Receivables Inventories Total current assets Other assets Total assets Liabilities
As loan analyst for Vaughn Bank, you have been presented the following information. Assets Cash Receivables Inventories Total current assets Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders' equity Annual sales Rate of gross profit on sales Toulouse Co. $122,000 231,000 549,000 902,000 516,000 $1,418,000 $308,000 402,000 708,000 $1,418,000 $890,000 30 % Lautrec Co. $318,000 316,000 493,000 1,127,000 608,000 $1,735,000 $357,000 516,000 862,000 $1,735,000 $1,453,000 40 %
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