Exercise 24-4 As loan analyst for Ayayai Bank, you have been presented the following information Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $328,000 296,000 493,000 1,117,000 607,000 $1,419,000 $1,724,000 $114,000 230,000 582,000 926,000 493,000 Total current assets Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Capital stock and retained earnings $340,000 493,000 891,000 $1,724,000 $911,000 $1,440,000 $314,000 385,000 720,000 Total liabilities and stockholders' equity $1,419,000 Annual sales 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.) Toulouse Co. Lautrec Co. Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Cash to current liabilities 1 1 times times 1 1 1 times times 1