CALCULATOR FULL SCREEN Exercise 24-04 As loan analyst for Utrillo Bank, you have been presented the following information Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories Total current assets Other assets Total assets $120,000 220,000 570,000 910,000 500,000 $1,410,000 $320,000 302,000 518,000 1,140,000 612,000 $1,752,000 Liabilities and Stockholders' Equity Current liabilities $305,000 $350,000 Long-term liabilities 400,000 500,000 Capital stock and retained earnings 705,000 902.000 Total liabilities and stockholders' equity $1,410,000 $1,752,000 Annual sales $930,000 $1,500,000 Rate of gross profit on sales 3096 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 requests is to be granted. Compute the various ratios for each company. (Round answer to 2 decimal places, 0.0.2.25.) Toulouse Co. Lautrec Co. Current ratio