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Exercise 24-4 As loan analyst for Utrillo Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Cash Receivables Inventories $120,800 224,800 578,100 $326,900 307,100 512,200 1,146,200 Total current assets Other assets 923,700 .200 617,600 502,700 $1,426,400 Total assets $1,763,800 Current liabilities Long-term liabilities Capital stock and retained earnings $290,300 397,700 738,400 $1,426,400 $931,700 $350,000 502,700 911,100 $1,763,800 $1,504,600 Total liabilities and stockholders equity Annual sales Rate of gross profit on sales 25 % 40% Each of these companies has requested a loan of $50,610 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.) Current ratio Acid-test ratio Accounts receivable turmover Inventory turnover Cash to current liabilities times times times times

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