Carlton Company is involved in four separate industries.
January 18, 2018
Fill in the Cashflows section ( column FY 13 through FY 23) found in the MS Excel sheet to project an NPV of above $10,000,000
January 18, 2018

As loan analyst for Utrillo Bank, you have been presented the following information.

Exercise 24-4

As loan analyst for Utrillo Bank, you have been presented the following information.

Toulouse Co.
Lautrec Co.
Assets
Cash$120,000$320,000
Receivables220,000302,000
Inventories570,000518,000
   Total current assets910,0001,140,000
Other assets500,000612,000
   Total assets$1,410,000$1,752,000
Liabilities and Stockholders’ Equity
Current liabilities$305,000$350,000
Long-term liabilities400,000500,000
Capital stock and retained earnings705,000902,000
   Total liabilities and stockholders’ equity$1,410,000$1,752,000
Annual sales$930,000$1,500,000
Rate 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 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
[removed]
 : 1
[removed]
 : 1
Acid-test ratio
[removed]
 : 1
[removed]
 : 1
Accounts receivable turnover
[removed]
 times
[removed]
 times
Inventory turnover
[removed]
 times
[removed]
 times
Cash to current liabilities
[removed]
 : 1
[removed]
 : 1
 

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