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Exercise 24B-4 As loan analyst for Riverbed Bank, you have been presented the following information Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $117,000 $309,000
Exercise 24B-4 As loan analyst for Riverbed Bank, you have been presented the following information Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $117,000 $309,000 315,000 492,000 1,116,000 640,000 $1,415,000 $1,756,000 227,000 588,000 932,000 483,000 Total current assets Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term llablitles Capltal stock and retained earnings $346,000 483,000 927,000 $1,756,000 $1,551,000 $316,000 397,000 702,000 Total liabilities and stockholders' equity $1,415,000 Annual sales Rate of gross profit on sales Each of these companies has requested a loan of $50,000 tor 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 $956,000 30% 40% granted Compute the various ratios for each company. (Round answer to 2 decimal places, e.g. 2.25.)
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