As loan analyst for Sage Bank, you have been presented the following information. Assets Cash Receivables Inventories Total current assets. Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders' equity 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 $319,000 419.000 652.000 $1,390,000 $948,000 30 % Toulouse Co. $119,000 226,000 562,000 907,000 483,000 $1,390,000 $319,000 419,000 652,000 $1.390.000 $350,000 483,000 969,000 $1,802,000 $1,453,000 40 % Lautrec Co. $332,000 298,000 536,000 1,166,000 636,000 $1,802,000 $350,000 483,000 969,000 $1.802.000 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.)

As loan analyst for Sage Bank, you have been presented the following information. Assets Cash Receivables Inventories Total current assets. Other assets Total assets Liabilities and Stockholders' Equity Current liabilities Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders' equity 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 $319,000 419.000 652.000 $1,390,000 $948,000 30 % Toulouse Co. $119,000 226,000 562,000 907,000 483,000 $1,390,000 $319,000 419,000 652,000 $1.390.000 $350,000 483,000 969,000 $1,802,000 $1,453,000 40 % Lautrec Co. $332,000 298,000 536,000 1,166,000 636,000 $1,802,000 $350,000 483,000 969,000 $1.802.000 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.)

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

See similar textbooks

Similar questions

1. DOT MATRIX PRINTERS ARE NOT CONSIDERED AS DESKTOP PRINTERS. A. TRUE B. FALSE
Please help me,
please see attached problem
How do you access the Power Query interface?
Write me a human paragraph without using Al about what a memorandoms of understanding is and how it is used
The easiest way to change the order in a chart is in the __________. Multiple Choice underlying spreadsheet slicer chart options chart itself