Complete the following abbreviatedfinancial statements, and

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 $18.37Inventorybalance $300,000Expenses (excludingCOGS) $1,120,000Shares outstanding                                290,000Average issue price of shares                $5.00Gross margin %                                      40%Interest rate 8%TIE ratio                                                 8Inventoryturnover 12 xCurrentratio 1.5Quickratio .75Fixed assetturnover 1.5Complete 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.)

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