QuickHelper

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About QuickHelper

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Elementary,High School,College,University,PHD

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Accounting,Applied Sciences See all
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Teaching Since: May 2017
Last Sign in: 353 Weeks Ago
Questions Answered: 20103
Tutorials Posted: 20155

Education

  • MBA, PHD
    Phoniex
    Jul-2007 - Jun-2012

Experience

  • Corportae Manager
    ChevronTexaco Corporation
    Feb-2009 - Nov-2016

Category > Business & Finance Posted 08 Jun 2017 My Price 14.00

Set up an income statement

Question description

 

 

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

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 the following abbreviated financial statements, and calculate per share ratios indicated. (Hint: Start by subtracting the formula for the quick ratio from that for the current ratio and equating that to the numerical difference.)

Answers

QuickHelper
(10)
Status NEW Posted 08 Jun 2017 12:06 PM My Price 14.00

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