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As loan analyst for Crane Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories Total current assets Other
As loan analyst for Crane Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories Total current assets Other assets Total assets $124,000 214,000 589,000 927.000 482,000 $1,409,000 $335,000 305,000 523,000 1,163,000 582,000 $1,745,000 Liabilities and Stockholders' Equity Current liabilities $301,000 Long-term liabilities 409,000 Capital stock and retained earnings 699,000 Total liabilities and stockholders' equity $1,409,000 Annual sales $946,000 Rate of gross profit on sales 30 % $368,000 482,000 895,000 $1,745,000 $1,559,000 40 % 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, eg 225.) Toulouse Co. Lautrec Co. Current ratio : 1 : 1 Acid-test ratio :1 :1 Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities :1 : 1 Save for Later Attempts: 0 of 1 used Submit
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