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Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $119,000 226,000 562,000 907,000 483,000 $1,390,000 $332,000 298,000 536,000 1,166,000 636,000 $1,802,000 Total current assets Other assets
Toulouse Co. Lautrec Co. Assets Cash Receivables Inventories $119,000 226,000 562,000 907,000 483,000 $1,390,000 $332,000 298,000 536,000 1,166,000 636,000 $1,802,000 Total current assets Other assets Total assets $319,000 419,000 Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders' equity Annual sales Rate of gross profit on sales 652,000 $1,390,000 $350,000 483,000 969,000 $1,802,000 $1,453,000 40 % $948,000 30 % 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, e.g. 2.25.) 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
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