Complete the following abbreviatedfinancial statements, and calculate per share ratios indicated. (Hint: Start bysubtracting the formula for the quick ratio from that for the current ratio andequating that to the numerical difference.)

TribkeEnterprises collected the following data from its financial reports for 2012:

Stockprice $18.37

Inventorybalance $300,000

Expenses (excludingCOGS) $1,120,000

Shares outstanding                                290,000

Average issue price of shares                $5.00

Gross margin %                                      40%

Interest rate 8%

TIE ratio                                                 8

Inventoryturnover 12 x

Currentratio 1.5

Quickratio .75

Fixed assetturnover 1.5

Complete thefollowing abbreviated financial statements, and calculate per share ratiosindicated. (Hint: Start by subtracting the formula for the quick ratio fromthat for the current ratio and equating that to the numerical difference.)

Complete the following abbreviatedfinancial statements, and calculate per share ratios indicated. (Hint: Start bysubtracting the formula for the quick ratio from that for the current ratio andequating that to the numerical difference.)

TribkeEnterprises collected the following data from its financial reports for 2012:

Stockprice $18.37

Inventorybalance $300,000

Expenses (excludingCOGS) $1,120,000

Shares outstanding                                290,000

Average issue price of shares                $5.00

Gross margin %                                      40%

Interest rate 8%

TIE ratio                                                 8

Inventoryturnover 12 x

Currentratio 1.5

Quickratio .75

Fixed assetturnover 1.5

Complete thefollowing abbreviated financial statements, and calculate per share ratiosindicated. (Hint: Start by subtracting the formula for the quick ratio fromthat for the current ratio and equating that to the numerical difference.)

Complete the following abbreviatedfinancial statements, and calculate per share ratios indicated. (Hint: Start bysubtracting the formula for the quick ratio from that for the current ratio andequating that to the numerical difference.)

TribkeEnterprises collected the following data from its financial reports for 2012:

Stockprice $18.37

Inventorybalance $300,000

Expenses (excludingCOGS) $1,120,000

Shares outstanding                                290,000

Average issue price of shares                $5.00

Gross margin %                                      40%

Interest rate 8%

TIE ratio                                                 8

Inventoryturnover 12 x

Currentratio 1.5

Quickratio .75

Fixed assetturnover 1.5

Complete thefollowing abbreviated financial statements, and calculate per share ratiosindicated. (Hint: Start by subtracting the formula for the quick ratio fromthat for the current ratio and equating that to the numerical difference.)