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

B 15,417 0 64,139 31,342 1 Amortization of intangible assets 2 Amortization of intangible assets 3 General and administration 4 General and administration 5 Income before income taxes 6 Income before income taxes 7 Income from operations 8 Income from operations 9 Net income 10 Net income 11 Operational Costs 12 Operational Costs 13 Other costs 14 Other costs 15 Other income 16 Other income 17 Provision for income taxes (20%) 18 Provision for income taxes (20%) 19 Revenues 20 Revenues 21 Total costs and expenses 22 Total costs and expenses June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA December 31, 20XA June 30, 20XB June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA 68,452 134,050 7,179 5,347 3,327 289 $ 246,508 $ 116,469 B 15,417 0 64,139 31,342 1 Amortization of intangible assets 2 Amortization of intangible assets 3 General and administration 4 General and administration 5 Income before income taxes 6 Income before income taxes 7 Income from operations 8 Income from operations 9 Net income 10 Net income 11 Operational Costs 12 Operational Costs 13 Other costs 14 Other costs 15 Other income 16 Other income 17 Provision for income taxes (20%) 18 Provision for income taxes (20%) 19 Revenues 20 Revenues 21 Total costs and expenses 22 Total costs and expenses June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA December 31, 20XA June 30, 20XB June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA June 30, 20XB December 31, 20XA 68,452 134,050 7,179 5,347 3,327 289 $ 246,508 $ 116,469