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 assets, Fixed assets, Total assets, current liabilities, long-term debt, Equity (paid in capital*, and retained earnings), total equity, and total liabilities & equity.
*Paid-in capital = Common Stock + Paid-in Excess