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.

To complete the abbreviated financial statements and calculate per share ratios, we need to use the given data to derive the missing values.

1. Income Statement:

a) Revenue: Since the gross margin percentage is given, we can calculate the revenue using the formula:
Gross margin = (Revenue - COGS) / Revenue
$18.37 = Revenue - (Revenue * 0.4)
Solving for Revenue, we get: Revenue = $18.37 / (1 - 0.4)

b) COGS (Cost of Goods Sold): We already have the gross margin and revenue, so we can calculate COGS using the formula:
COGS = Revenue - (Revenue * Gross margin percentage)

c) GM (Gross Margin): Given as 40% of revenue.

d) EBIT (Earnings Before Interest and Taxes): EBIT can be calculated by subtracting expenses (excluding COGS) from Gross Margin (GM).

e) EBT (Earnings Before Taxes): Given TIE (Times Interest Earned) ratio is 8, it means EBIT / Interest Expense = 8. We can calculate Interest Expense using the formula:
Interest Expense = EBIT / TIE
Then, EBT = EBIT - Interest Expense

f) EAT (Earnings After Taxes): EAT can be calculated by multiplying EBT with (1 - Tax Rate). However, the given data does not provide the tax rate, so we cannot calculate EAT accurately.

2. Balance Sheet:

a) Current Assets: Given data includes Inventory balance. To calculate total current assets, we need to consider Inventory balance along with other current assets like Cash, Marketable Securities, Accounts Receivable, etc.

b) Fixed Assets: Given fixed asset turnover is 1.5; it means Sales / Average Fixed Assets = 1.5. We can calculate Fixed Assets using the formula:
Fixed Assets = Revenue / Fixed Asset Turnover

c) Total Assets: Total Assets can be calculated by summing up Current Assets and Fixed Assets.

d) Current Liabilities: Current Liabilities can be calculated using the formula:
Current Liabilities = Current Ratio * Total Current Assets

e) Long-term Debt: The given data does not provide information about long-term debt, so we cannot calculate it accurately.

f) Equity: Equity is the sum of Paid-in Capital and Retained Earnings.

g) Total Equity and Total Liabilities & Equity: Total Equity is the sum of Equity, and Total Liabilities & Equity can be calculated by summing Long-term Debt and Total Equity.

Per Share Ratios:

a) Earnings per Share (EPS): To calculate EPS, we need to divide EAT by the number of Shares Outstanding.

b) Book Value per Share (BVPS): To calculate BVPS, we need to divide Total Equity by the number of Shares Outstanding.

Please note that some of the missing values cannot be accurately calculated due to the lack of specific information provided in the given data.