As loan analyst for Shamrock Bank, you have been presented the following information. Toulouse Co. Lautrec...
As loan analyst for Shamrock Bank, you have been presented the
following information.
|
Toulouse Co. |
Lautrec Co. |
|||||
|---|---|---|---|---|---|---|
|
Assets |
||||||
|
Cash |
$126,000 | $317,000 | ||||
|
Receivables |
213,000 | 316,000 | ||||
|
Inventories |
585,000 | 511,000 | ||||
|
Total current assets |
924,000 | 1,144,000 | ||||
|
Other assets |
522,000 | 631,000 | ||||
|
Total assets |
$1,446,000 | $1,775,000 | ||||
|
Liabilities and Stockholders’ Equity |
||||||
|
Current liabilities |
$292,000 | $357,000 | ||||
|
Long-term liabilities |
418,000 | 522,000 | ||||
|
Capital stock and retained earnings |
736,000 | 896,000 | ||||
|
Total liabilities and stockholders’ equity |
$1,446,000 | $1,775,000 | ||||
|
Annual sales |
$942,000 | $1,549,000 | ||||
|
Rate of gross profit on sales |
30 | % | 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, e.g. 2.25.)
|
Toulouse Co. |
Lautrec Co. |
|||||
|---|---|---|---|---|---|---|
|
Current ratio |
enter the ratio rounded to 2 decimal places |
: 1 |
enter the ratio rounded to 2 decimal places |
: 1 | ||
|
Acid-test ratio |
enter the ratio rounded to 2 decimal places |
: 1 |
enter the ratio rounded to 2 decimal places |
: 1 | ||
|
Accounts receivable turnover |
enter the accounts receivable turnover rounded to 2 decimal places |
times |
enter the accounts receivable turnover rounded to 2 decimal places |
times | ||
|
Inventory turnover |
enter the inventory turnover rounded to 2 decimal places |
times |
enter the inventory turnover rounded to 2 decimal places |
times | ||
|
Cash to current liabilities |
enter the ratio rounded to 2 decimal places |
: 1 |
enter the ratio rounded to 2 decimal places |
: 1 | ||
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As loan analyst for Shamrock Bank, you have been presented the
following information.
Toulouse Co.
Lautrec...
As loan analyst for Metlock Bank, you have been presented the following information. Toulouse Co. Lautrec...
As loan analyst for Metlock Bank, you have been presented the
following information.
Toulouse Co.
Lautrec Co.
Assets
Cash
$119,000
$306,000
Receivables
217,000
289,000
Inventories
576,000
495,000
Total current assets
912,000
1,090,000
Other assets
489,000
616,000
Total assets
$1,401,000
$1,706,000
Liabilities and Stockholders’ Equity
Current liabilities
$311,000
$332,000
Long-term liabilities
406,000
489,000
Capital stock and retained earnings
684,000
885,000
Total liabilities and stockholders’ equity
$1,401,000
$1,706,000
Annual sales
$883,000
$1,529,000
Rate of gross profit on sales
30
%
40
%...
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Suppose you have been presented with selected information taken from the financial statements of Southwest Airlines...
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from the financial statements of Southwest Airlines
Co., shown below.
SOUTHWEST AIRLINES CO.
Balance Sheet (partial)
December 31
(in millions)
2022
2021
Total current assets
$2,795
$4,450
Noncurrent assets
10,450
12,360
Total assets
$13,245
$16,810
Current liabilities
$2,795
$4,895
Long-term liabilities
6,495
4,990
Total liabilities
9,290
9,885
Shareholders’ equity
3,955
6,925
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Other information:
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2021
Net income (loss)
$ 175
$ 565
Income tax...
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following information.
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Lautrec Co.
Assets
Cash
$119,000
$306,000
Receivables
217,000
289,000
Inventories
576,000
495,000
Total current assets
912,000
1,090,000
Other assets
489,000
616,000
Total assets
$1,401,000
$1,706,000
Liabilities and Stockholders’ Equity
Current liabilities
$311,000
$332,000
Long-term liabilities
406,000
489,000
Capital stock and retained earnings
684,000
885,000
Total liabilities and stockholders’ equity
$1,401,000
$1,706,000
Annual sales
$883,000
$1,529,000
Rate of gross profit on sales
30
%
40
%...
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Suppose you have been presented with selected information taken
from the financial statements of Southwest Airlines
Co., shown below.
SOUTHWEST AIRLINES CO.
Balance Sheet (partial)
December 31
(in millions)
2022
2021
Total current assets
$2,795
$4,450
Noncurrent assets
10,450
12,360
Total assets
$13,245
$16,810
Current liabilities
$2,795
$4,895
Long-term liabilities
6,495
4,990
Total liabilities
9,290
9,885
Shareholders’ equity
3,955
6,925
Total liabilities and shareholders’
equity
$13,245
$16,810
Other information:
2022
2021
Net income (loss)
$ 175
$ 565
Income tax...
Carla Vista Co. provides you with the following balance sheet information as of December 31, 2022.Current assets$13,570Current liabilities$14,160Long-term assets31,270Long-term liabilities16,520 Total assets$44,840Stockholders’ equity14,160 Total liabilities and stockholders’ equity$44,840In addition, Carla Vista reported net income for 2022 of $18,880, income tax expense of $3,776, and interest expense of $1,534.Compute the current ratio and working capital for Carla Vista for 2022. (Round current ratio to 2 decimal places, e.g. 2.75. Enter negative amounts using either a negative sign preceding the number e.g. -45 or parentheses...
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