Exercise 24-4 As loan analyst for Utrillo Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $316,700 302,000 514,700 4,9001,133,400 618,800 $1,423,300 $1,752,200 $110,100 225,800 579,000 Total current assets Other assets 508,400 Total assets Liabilities and Stockholders Eauity Current liabilities Long-term liabilities Capital stock and retained earnings $349,700 508,400 894,100 $1,423,300 $1,752,200 $941,900 $1,490,900 $300,600 400,100 722,600 Total liabilities and stockholders equity Annual sales Rate of gross profit on sales 30 % 40 %