average formula

AutoSave O H O R A = AVERAGE and Financial ratios (1) Excel Search Brandi Creeche File Home insert Page Layout Formulas Data Review View Help Shar C D ME G H GN I E Your score: Name: study 0% Na The Study Company began operations in 2021. Its comparative income statements and balance sheets follow. Use a formula to calculate the ratios below. The AVERAGE formula must be used in any ratios using average accounts receivable, average inventory or average total assets. Bouw Net sales Cost of goods sold Gross margin Operating expenses Net income Study Company Comparative Income Statements For Years Ended December 31, 2024-2021 2024 2023 2022 $288,000 $258,000 $223,000 138,000 209,000 141,000 150,000 49,000 82,000 71.000 23.000 39,000 $79.000 $26,000 $43,000 2021 $159,000 129,000 30,000 14,000 $ 16,000 Study Company Instructions Ratios Summary of Ratios Type here to search AutoSave Of A AVERAGE and Financial ratios (1) - Excel Search Brandi Creech 200 - File Home Insert Page Layout Formulas Data Review View Help Share Xf B DE F Your score: G 0% H GN 1 Name: study Cash Accounts receivable, net Merchandise inventory Plant assets, net Total assets Study Company Comparative Balance Sheets For Years Ended December 31, 2024-2021 2024 2023 2022 $63,000 $14,000 $27,000 81,000 72,000 62,000 21,000 52,000 22,000 120.000 100,000 80,000 $285,000 $238,000 $191,000 2021 $8,000 45,000 32,000 70,000 $ 155,000 Current liabilities Long-term liabilities Common stock Retained earnings Total liabilities and equity $41,000 60,000 20,000 $63.000 70,000 20,000 85,000 $238,000 $42,000 70,000 20,000 59,000 $39,000 80,000 20,000 16.000 $ 155,000 164,000 30 $285,000 36 37 2024 2023 2022 38 Liquidity and Efficiency Instructions Ratios Summary of Ratios Type here to search x & fx AL D Name: study Your score: 0% 37 2024 2023 2022 41 43 2024 2023 2022 Liquidity and Efficiency Current ratio Acid-test ratio Accounts receivable turnover Inventory turnover Total asset turnover Solvency Debt ratio Equity ratio Sum of Debt and Equity ratios Debt-to-equity ratio Profitability Profit margin ratio Gross margin ratio Return on total assets 2024 2023 2022 50 h 54 Instructions Ratios Summary of Ratios H O Type here to search