Tribke Enterprises collected the following data from its financial reports for 2012:
Stock price $18.37
Inventory balance $300,000
Expenses (excluding COGS) $1,120,000
Shares outstanding 290,000
Average issue price of shares $5.00
Gross margin % 40%
Interest rate 8%
TIE ratio 8
Inventory turnover 12 x
Current ratio 1.5
Quick ratio .75
Fixed asset turnover 1.5
Complete given abbreviated financial statements, and find per share ratios indicated. Begin by subtracting formula for quick ratio from that for current ratio and equating that to numerical difference.
Establish income statement which includes revenue, COGS, GM, EBIT, EBT, and EAT. Establish balance sheet that includes long-term debt, Current assets, Total assets, current liabilities, total equity, Fixed assets, Equity (paid in capital*, and retained earnings), and total liabilities & equity.