1 Differentiate between the different users of financial information, their needs and sources of information organization. 2 Explain the weaknesses of ratio analysis. 3 Tribke Enterprises collected the following data from its financial reports for 2012:Stock price $18.37Inventory balance $300,000Expenses (excluding COGS) $1,120,000Shares outstanding 290,000Average issue price of shares $5.00Gross margin % 40%Interest rate 8%TIE ratio 8Inventory turnover 12 xCurrent ratio 1.5Quick ratio .75Fixed asset turnover 1.5Complete 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

1 Differentiate between the different users of financial information, their needs and sources of information organization. 2 Explain the weaknesses of ratio analysis. 3 Tribke Enterprises collected the following data from its financial reports for 2012:Stock price $18.37Inventory balance $300,000Expenses (excluding COGS) $1,120,000Shares outstanding 290,000Average issue price of shares $5.00Gross margin % 40%Interest rate 8%TIE ratio 8Inventory turnover 12 xCurrent ratio 1.5Quick ratio .75Fixed asset turnover 1.5Complete 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

1 Differentiate between the different users of financial information, their needs and sources of information organization. 2 Explain the weaknesses of ratio analysis. 3 Tribke Enterprises collected the following data from its financial reports for 2012:Stock price $18.37Inventory balance $300,000Expenses (excluding COGS) $1,120,000Shares outstanding 290,000Average issue price of shares $5.00Gross margin % 40%Interest rate 8%TIE ratio 8Inventory turnover 12 xCurrent ratio 1.5Quick ratio .75Fixed asset turnover 1.5Complete 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