mexcel Con- cess As loan analyst for Bridgeport Bank, you have been presented the following information. ens Toulouse Co. Lautrec Co. nces Assets rations Cash $125,000 $320,000 LUS Support Receivables 218,000 297,000 Inventories 580,000 500,000 Total current assets 923,000 1,117,000 Other assets 494,000 614,000 Total assets $1,417,000 $1,731,000 Liabilities and Stockholders' Equity Current liabilities $302,000 409,000 $338,000 494,000 Long-term liabilities Capital stock and retained earnings 706,000 899,000 Total liabilities and stockholders' equity $1,417,000 $1,731,000 Annual sales $972,000 30% $1,488,000 40% Rate of gross profit on sales 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, es. 2.25.) Toulouse Co. Lautrec Co. Current ratio Acid-test ratio Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities eTextbook and Media Save for Later Attempts: 0 of 3 used Submit Answer Assignment sent to Gradebook. Your grade is being recorded Tue Apr 14, 2020, 12:12:12 PM (America/New York 04.00) Next >