20. Tribke Enterprises collected the following data from its financial reports for 20X3: Complete the following abbreviated

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20. Tribke Enterprises collected the following data from its financial reports for 20X3:

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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.)

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Practical Financial Management

ISBN: 9780324422634

5th Edition

Authors: William R. Lasher

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Question Posted: Oct 17, 2024 08:02 AM

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20. Tribke Enterprises collected the following data from its financial reports for 20X3: Complete the following abbreviated financial statements, and calculate per share ratios indicated. (Hint:...
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20. Tribke Enterprises collected the following data from its financial reports for 20X3: Complete the following abbreviated

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Stock price Inventory balance Expenses (excluding OGS) Shares outstanding Average issue price of shares Gross margin % $18.37 $300,000 $1,120,000 290,000 $5.00 Interest rate TIE ratio Inventory turnover Current ratio Quick ratio Fixed asset turnover 40% 8% 8 12x 1.5 .75 1.5

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Practical Financial Management

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