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ncome from Operations nterest Expense mcome before Income Tax Expense ncome Tax Expense 190,600 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). 14,500 176,100 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) 39 Days' sales in inventory (rounded to the nearest day) 35 4.5 to 47,000 tir iet Income 129,100 da tir da equired: Compute the following liquidity ratios for 2016. Round to the 40 equired number of decimal places USING THE EXCEL. COUND FUNCTION (fx). Current ratio (rounded to one decimal place) Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 4.5 to 1 times days times days 43 Debt to assets (rounded to two decimal places) to 44 Times interest earned (rounded to one decimal place) tir 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) Compute the following Solvency Ratios for 2016. Again, USE 49 HE EXCEL ROUND FUNCTION (fx). 50 Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) to 1 times 51 52

ncome from Operations nterest Expense mcome before Income Tax Expense ncome Tax Expense 190,600 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). 14,500 176,100 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) 39 Days' sales in inventory (rounded to the nearest day) 35 4.5 to 47,000 tir iet Income 129,100 da tir da equired: Compute the following liquidity ratios for 2016. Round to the 40 equired number of decimal places USING THE EXCEL. COUND FUNCTION (fx). Current ratio (rounded to one decimal place) Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 4.5 to 1 times days times days 43 Debt to assets (rounded to two decimal places) to 44 Times interest earned (rounded to one decimal place) tir 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) Compute the following Solvency Ratios for 2016. Again, USE 49 HE EXCEL ROUND FUNCTION (fx). 50 Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) to 1 times 51 52

Np Ms Office 365/Excel 2016 I Ntermed
Np Ms Office 365/Excel 2016 I Ntermed
1st Edition
ISBN:9781337508841
Author:Carey
Publisher:Carey
Chapter3: Performing Calculations With Formulas And Functions
Section: Chapter Questions
Problem 2.10CP
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24 Operating Expenses 25 Income from Operations 26 Interest Expense 891,400 190,600 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. | 34 ROUND FUNCTION (fx). 35 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) Inventory turnover (rounded to two decimal places) 39 Days' sales in inventory (rounded to the nearest day) 14,500 176,100 27 Income before Income Tax Expense 4.5 to 1 times 28 Income Tax Expense 47,000 29 Net Income 129,100 days times 30 38 31 Required: 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). Current ratio (rounded to one decimal place) 36| Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) days 40 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (6x). 4.5 to 1 times days times days to 1 43 Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) 35 44 times 37 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) 39 percent percent 40 48 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 49 50 43 Debt to assets (rounded to two decimal places) to 1 51 44 Times interest earned (rounded to one decimal place) times 52 45 53 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). Sheet1 Sheeti ... ...
Transcribed Image Text:24 Operating Expenses 25 Income from Operations 26 Interest Expense 891,400 190,600 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. | 34 ROUND FUNCTION (fx). 35 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) Inventory turnover (rounded to two decimal places) 39 Days' sales in inventory (rounded to the nearest day) 14,500 176,100 27 Income before Income Tax Expense 4.5 to 1 times 28 Income Tax Expense 47,000 29 Net Income 129,100 days times 30 38 31 Required: 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). Current ratio (rounded to one decimal place) 36| Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) days 40 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (6x). 4.5 to 1 times days times days to 1 43 Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) 35 44 times 37 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) 39 percent percent 40 48 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 49 50 43 Debt to assets (rounded to two decimal places) to 1 51 44 Times interest earned (rounded to one decimal place) times 52 45 53 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). Sheet1 Sheeti ... ...
国日。 ? Calculate Select Ratios - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 -A A % Conditional Format as Cell Paste в I U Alignment Number Cells Formatting - Table Styles - Clipboard Font Styles B36 A В C D 1 Condensed financial statements for Games Galore are summarized below: 3 Balance Sheet 2016 2015 4 Cash $ 185,000 $ 143,000 5 Accounts Receivable, Net 80,000 59,000 6 Inventory 104,000 134,000 7 Prepaid Insurance 11,900 5,880 8. Total Current Assets 380,900 341,880 9 Property and Equipment, Net 514,500 407,000 10 Total Assets $ 895,400 $ 748,880 11 12 Current Liabilities $ 85,300 $ 96,800 13 Long-term Liabilities 284,000 224,000 14 Total Liabilities 369,300 320,800 299,000 15 Contributed Capital 16 Retained Earnings Total Stockholders' Equity 299,000 227,100 129,080 17 526,100 428,080 18 Total Liabilities and Stockholders' Equity 2$ 895,400 $ 748,880 19 20 Income Statement 21 Net Sales (all on account) $ 3,031,000 22 Cost of Goods Sold 1,949,000 23 Gross Profit 1,082,000 |24 Operating Expenses 891,400 Sheet1
Transcribed Image Text:国日。 ? Calculate Select Ratios - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW Sign In Calibri - 11 -A A % Conditional Format as Cell Paste в I U Alignment Number Cells Formatting - Table Styles - Clipboard Font Styles B36 A В C D 1 Condensed financial statements for Games Galore are summarized below: 3 Balance Sheet 2016 2015 4 Cash $ 185,000 $ 143,000 5 Accounts Receivable, Net 80,000 59,000 6 Inventory 104,000 134,000 7 Prepaid Insurance 11,900 5,880 8. Total Current Assets 380,900 341,880 9 Property and Equipment, Net 514,500 407,000 10 Total Assets $ 895,400 $ 748,880 11 12 Current Liabilities $ 85,300 $ 96,800 13 Long-term Liabilities 284,000 224,000 14 Total Liabilities 369,300 320,800 299,000 15 Contributed Capital 16 Retained Earnings Total Stockholders' Equity 299,000 227,100 129,080 17 526,100 428,080 18 Total Liabilities and Stockholders' Equity 2$ 895,400 $ 748,880 19 20 Income Statement 21 Net Sales (all on account) $ 3,031,000 22 Cost of Goods Sold 1,949,000 23 Gross Profit 1,082,000 |24 Operating Expenses 891,400 Sheet1
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