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Please answer incorrect questions Exercise 24-4 Your answer is partially correct. Try again. As loan analyst for Utrillo Bank, you have been presented the following

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Exercise 24-4 Your answer is partially correct. Try again. 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 1,133,400 618,800 $1,423,300 $1,752,200 $110,100 225,800 579,000 914,900 508,400 Total current assets Other assets Total assets Liabillities and Stockholders and Stockholders ult Current liabilities Long-term liabilities Capital stock and retained earnings $349,700 508,400 894,100 $1,423,300$1,752,200 $300,600 400,100 722,600 Total liabilities and stockholders equity Annual sales s941,900$1,490,900 Rate of gross profit on sales 30 % 40%

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