Current Attempt in Progress As loan analyst for Sheridan Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $123,000 $322,000 210,000 295,000 Receivables Inventories Total current assets 567,000 525,000 900,000 1,142,000 Other assets 520,000 602,000 Total assets $1,420,000 $1,744,000 $362,000 Liabilities and Stockholders' Equity. Current liabilities $319,000 Long-term liabilities 402,000 Capital stock and retained earnings 699,000 Total liabilities and stockholders' equity $1,420,000 520,000 862,000 $1,744,000 Annual sales $887,000 $1,530,000 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 1 Acid-test ratio :1 :1 Accounts receivable turnover times times Inventory turnover times times Cash to current liabilities :1