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Need the rest thanks The financial statements for Royale...

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Accounting

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The financial statements for Royale and Cavalier companies are summarized here: These two companies are in the same business and state but different cities, Eoch company has been in oper ation for about 10 years. Both companies recelved an unqualifed audit opinion on the finandal statements Royale Company wants to borfow $30.000 cash and Cavalet Company is asking for $35,000 Theloans wil be for a two-year period Boti companes estimate bad debts based on an aging analysis. but Cavalien has estimated stightly higher uncollectible rates than Royale Nerther company issued stock in the curtent year. Assume the end-of-year total assets and net equipment balances approwmate the year s average and all sales are on account. Required: 1. Calculate the following ratios. (Use 365 doys in o year. Round your intermediote colculations ond final answers to 2 decimal pleces.) 1. Calculate the following ratios. (Use 365 days in a year. Round y places.)

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