As loan analyst for Sheffield Bank, you have been presented the following information. Toulouse Co. Lautrec

As loan analyst for Sheffield Bank, you have been presented the following information. Toulouse Co. Lautrec Co. Assets Cash $119,000 $306,000 Receivables 217,000 289,000 Inventories 576,000 495,000 Total current assets 912,000 1,090,000 Other assets 489,000 616,000 Total assets $1,401,000 $1,706,000 Liabilities and Stockholders’ Equity Current liabilities $311,000 $332,000 Long-term liabilities 406,000 489,000 Capital stock and retained earnings 684,000 885,000 Total liabilities and stockholders’ equity $1,401,000 $1,706,000 Annual sales $883,000 $1,529,000 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.