Exercise 24-4

As loan analyst for Utrillo Bank, you have been presented the following information.

		Toulouse Co.			Lautrec Co.
Assets
Cash		$120,000			$320,000
Receivables		220,000			302,000
Inventories		570,000			518,000
Total current assets		910,000			1,140,000
Other assets		500,000			612,000
Total assets		$1,410,000			$1,752,000
Liabilities and Stockholders