As loan analyst for Headland Bank, you have been presented the following information.AssetsCashReceivablesInventoriesTotal current assetsOther assetsTotal assetsLiabilities and Stockholders' Equity.Current liabilitiesLong-term liabilitiesCapital stock and retained earningsTotal liabilities and stockholders' equityAnnual salesRate of gross profit on salesToulouse Co.$122,000225,000564,000911,000502,000$1,413,000$299,000398,000716,000$1,413,000$964,00030 %Lautrec Co.$332,000313,000541,0001,186,000638,000$1,824,000$353,000502,000969,000$1,824,000$1,548,00040 % 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.(a1) Compute the various ratios for each company. Assume that the ending account balances are representative of the entire year. (Round answer to 2 decimal places, e.g. 2.25.)Current ratioAcid-test ratioAccounts receivable turnoverInventory turnoverCash to current liabilitiesToulouse Co.:1:1timestimes:1Lautrec Co.:1:1timestimes:1

Ratio analysis is one of the financial analysis which includes analysis of the financial statements…

(a1) Compute the various ratios for each company. Assume that the ending account balances are representative of the entire year. (Round answer to 2 decimal places, e.g. 2.25.) Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Cash to current liabilities Toulouse Co. :1 :1 times times :1 Lautrec Co. :1 :1 times times :1

(a1) Compute the various ratios for each company. Assume that the ending account balances are representative of the entire year. (Round answer to 2 decimal places, e.g. 2.25.) Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Cash to current liabilities Toulouse Co. :1 :1 times times :1 Lautrec Co. :1 :1 times times :1

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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