Explore our Solution Library

Number of Views - 1704 171

Fayetteville State University Operations And Supply Chain Management Assignment Help - Abbreviated

Question - 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.)

Set up an income statement that includes revenue, COGS, GM, EBIT, EBT, and EAT. Set up a
balance sheet that includes Current ass ...Read More

Solution Preview - No Solution Preview Available

Found What You Need?

Scroll down to find more if you need to find our more features