As loan analyst for Wildhorse Bank, you have been presented the following information.Toulouse Co.Lautrec Co.AssetsCash$119,000$332,000Receivables226,000298,000Inventories562,000536,000Total current assets907,0001,166,000Other assets483,000636,000Total assets$1,390,000$1,802,000Liabilities and Stockholders' Equity.Current liabilities$319,000$350,000Long-term liabilities419.000483,000Capital stock and retained earnings652,000969,000Total liabilities and stockholders' equity$1,390,000$1,802,000Annual sales$948,000$1,453,000Rate of gross profit on sales30 %40 %Each of these companies has requested a loan of $50,000 for 6 months with no collateral offered. Because your bank has reached itsquota 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, eg. 2.25.)Toulouse Co.Lautrec Co.Current ratio:1Acid-test ratioAccounts receivable turnovertimestimesInventory turnovertimestimesCash to current liabilities:1:1

In this numerical has covered the concept of Accounting Ratios. Current ratio:- Current Ratio is a…

As loan analyst for Wildhorse Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $119,000 $332,000 Receivables 226,000 298,000 Inventories 562,000 536,000 Total current assets 907,000 1,166,000 Other assets 483,000 636,000 Total assets $1,390,000 $1,802,000 Liabilities and Stockholders' Equity Current liabilities $319,000 $350,000 Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders' equity $1,390,000 419,000 483,000 652,000 969,000 $1,802,000 $1,453,000 Annual sales $948,000 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 1 Acid-test ratio :1 Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities :1 :1

As loan analyst for Wildhorse Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $119,000 $332,000 Receivables 226,000 298,000 Inventories 562,000 536,000 Total current assets 907,000 1,166,000 Other assets 483,000 636,000 Total assets $1,390,000 $1,802,000 Liabilities and Stockholders' Equity Current liabilities $319,000 $350,000 Long-term liabilities Capital stock and retained earnings Total liabilities and stockholders' equity $1,390,000 419,000 483,000 652,000 969,000 $1,802,000 $1,453,000 Annual sales $948,000 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 1 Acid-test ratio :1 Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities :1 :1

Century 21 Accounting General Journal

11th Edition

ISBN:9781337680059

Author:Gilbertson

Publisher:Gilbertson

Chapter18: Acquiring Capital For Growth And Development

Section18.1: Short-term Debt Financing

Problem 1WT

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Ee.19.
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