ASSIGNMENT 1: Competency in Microsoft Excel

Due Week 5 and worth 200 points

Your firm has just lost its accounting system. The only thing you have left is the financial reports from the December 31, 20XA and June 30, 20XB reporting period, but the data is garbled. You have been asked by your Controller to reconstruct the Balance Sheet & Income Statements in Excel for each of these reporting periods as well as performing the following ratio analyses: (a) current ratio ; (b) quick ratio; (c) debt ratio; (d) equity ratio; (f) debt-to-equity ratio ; and (g) profit margin for each reporting period.

To complete Assignment 1, please download ACC306 - Assignment 1 Excel File.

Part I:

• Using the data provided by your professor, create an Excel worksheet that contains the firms balance sheet and income statement. You will be required to use formulas and/functions to recreate the firms financial statements, such as the items in YELLOW.
• Using the data from your balance sheet and income statement, conduct the requested ratio analyses.
• You will submit one Excel workbook for Part I

Part II

• Write a two to three (2-3) page memo in which you summarize the firms financial position, based on the information provided in Part I.
• The memo will be submitted electronically as a Microsoft Word document with SWS formatting.

Your assignment must follow these formatting requirements:

• This course requires use of new Strayer Writing Standards (SWS). The format is different than other Strayer University courses. Please take a moment to review the SWS documentation for details
• Be typed, double spaced, using Times New Roman font (size 12), with one-inch margins on all sides. Check with your professor for any additional instructions.
• Include a cover page containing the title of the assignment, the students name, the professors name, the course title, and the date. The cover page and the reference page are not included in the required assignment page length.

The specific course learning outcomes associated with this assignment are:

• Demonstrate the use of various functions and applications in Microsoft Excel for accounting records and reports.

Amortization of intangible assets	June 30, 20XB	15,417
Amortization of intangible assets	December 31, 20XA	0
General and administration	June 30, 20XB	64,139
General and administration	December 31, 20XA	31,342
Income before income taxes	June 30, 20XB
Income before income taxes	December 31, 20XA
Income from operations	June 30, 20XB
Income from operations	December 31, 20XA
Net income	June 30, 20XB
Net income	December 31, 20XA
Operational Costs	December 31, 20XA	68,452
Operational Costs	June 30, 20XB	134,050
Other costs	June 30, 20XB	7,179
Other costs	December 31, 20XA	5,347
Other income	June 30, 20XB	3,327
Other income	December 31, 20XA	289
Provision for income taxes (20%)	June 30, 20XB
Provision for income taxes (20%)	December 31, 20XA
Revenues	June 30, 20XB	$ 246,508
Revenues	December 31, 20XA	$ 116,469
Total costs and expenses	June 30, 20XB
Total costs and expenses	December 31, 20XA