BE2.12 - Using Excel to Calculate Gross Margin and Revenue PROBLEM Bugsy provided the following operating information during the current year. Operating income Selling, general, and administrative costs Cost of goods sold $ 185,000 42,000 77,500 Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What was Bugsy's gross margin this year? Gross margin What was its total revenue this year? Total revenue
BE2.12 - Using Excel to Calculate Gross Margin and Revenue PROBLEM Bugsy provided the following operating information during the current year. Operating income Selling, general, and administrative costs Cost of goods sold $ 185,000 42,000 77,500 Student Work Area Required: Provide input into cells shaded in yellow in this template. Input the required mathematical formulas or functions with cell references to the Problem area or work area as indicated. What was Bugsy's gross margin this year? Gross margin What was its total revenue this year? Total revenue
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
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Transcribed Image Text:BE2.12 - Using Excel to Calculate Gross Margin and Revenue
PROBLEM
Bugsy provided the following operating information during the current year.
Operating income
Selling, general, and administrative costs
Cost of goods sold
$ 185,000
42,000
77,500
Student Work Area
Required: Provide input into cells shaded in yellow in this
template. Input the required mathematical formulas or functions
with cell references to the Problem area or work area as
indicated.
What was Bugsy's gross margin this year?
Gross margin
What was its total revenue this year?
Total revenue
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