As loan analyst for Utrillo Bank, you have been presented the following information.Toulouse Co.Lautrec Co.AssetsCash$119,600$330,000Receivables221,600302,200Inventories561,700519,500 Total current assets902,9001,151,700Other assets496,700610,200 Total assets$1,399,600$1,761,900Liabilities and Stockholdersâ€™ EquityCurrent liabilities$297,500$350,200Long-term liabilities391,400496,700Capital stock and retained earnings710,700915,000 Total liabilities and stockholdersâ€™ equity$1,399,600$1,761,900Annual sales$935,400$1,498,500Rate of gross profit on sales30%40%Each of these companies has requested a loan of $49,290 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 : 1Acid-test ratio : 1 : 1Accounts receivable turnover times timesInventory turnover times timesCash to current liabilities : 1 : 1
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