Exercise 24-4 As loan analyst for Sweet Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $115,000 211,000 595,000 $316,000 305,000 539,000 921,000 1,160,000 629,000 $1,443,000 $1,789,000 Total current assets Other assets 522,000 Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Capital stock and retained earnings $336,000 386,000 522,000 931,000 Total liabilities and stockholders' equity $1,443,000 $1,789,000 $927,000 $1,552,000 $299,000 758,000 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 times times times times Question Attempts: 0 of 2 used