The following spreadsheet shows the assets section of the Quartz Products Company balance sheet:

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1. Write the word number in the cells (indicated by arrows) where numbers will be entered.
2. Write the appropriate formula in each cell that will need a formula. Symbols from which to choose are:

3. Last year Quartz Products Company used this spreadsheet to prepare the company's budgeted balance sheet for the current year. The budgeted balance sheet shows the company's goal for total current assets at the end of the year. It is now one year later, and Quartz Products Company has prepared its actual year-end balance sheet. State how the company president can use this balance sheet in decision making.

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Row Number Current assets: 5 Assets: 6 7 8 10 11 12 13 14 15 16 17 18 19 Cash Receivables Inventory Total current assets Equipment Accumulated depreciation Equipment, net Total assets Column B