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Assets Toulouse Co. Lautrec Co. Cash Receivables $123,000 $327,000 222,000 297,000 Inventories 563,000 538,000 Total current assets 908,000 1,162,000 Other assets 504,000 611,000 Total
Assets Toulouse Co. Lautrec Co. Cash Receivables $123,000 $327,000 222,000 297,000 Inventories 563,000 538,000 Total current assets 908,000 1,162,000 Other assets 504,000 611,000 Total assets $1,412,000 $1,773,000 Liabilities and Stockholders' Equity Current liabilities $303,000 $350,000 Long-term liabilities 413,000 504,000 Capital stock and retained earnings 696,000 919,000 Total liabilities and stockholders' equity $1,412,000 $1,773,000 Annual sales $911,000 $1,517,000 Rate of gross profit on sales 30% 40 % Each of these companies has requested a loan of $50,000 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.)
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