Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Calculating Select Financial Ratios using Excel's ROUND and Basic Math Functions Zimmer, Inc. has provided its recent financial statements. The Controller has asked you to

image text in transcribed
image text in transcribed
image text in transcribed
image text in transcribed
Calculating Select Financial Ratios using Excel's ROUND and Basic Math Functions Zimmer, Inc. has provided its recent financial statements. The Controller has asked you to use this information to to use to assess ty and use for asset and debt Use the information included in the Excel Simulation and the Excel functions described below to . Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a to multiply), and / (forward slash to divide). management purposes. complete the task. blank cell, "-B7 was entered, the formula would output the result from cell B7, or 360,000 in this example Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: +(plus sign to add), (minus sign to subtract), (asterisk sign From the Excel Simulation below, if in a blank cell--c13+C14 was entered, the formula woul d add the values from those It would output an appropriate answer for its function. ROUND function: Allows you to round a number or result of a formula calculation to a specific number of digits. The syntax of the ROUND function is -ROUND(number.num_ digits)" and returns the result of your formula rounded to a particular number of digits. The number argument can be a cell reference to a number or a formula itself that results in a number. The num_ digits argument is the number of digits you want to round. The num_digits value rounds based on basis mathematical rounding rules, where anything below 5 will round down and anything 5 and above rounds up the num digits value should be a positive value to round to any number of decimal places, while a negative value would round to the left of the decimal place, and a zero would round to the nearest whole number. If the value 1,253.5693 was Also, entered in cell A1, it can be used in the ROUND function as the number reference. In this example, if the value in cell A1 should be rounded to 2 decimal places, in a new cell the function would be written as "=ROUND(A12), and would result in as 1,253.57 in this example. If the number in cell A1 should be rounded to the nearest hundred place, in a new cell the function would be written as"-ROUND(A1,-2) and would result in 1,300 in this example

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Auditing & Assurance Services

Authors: Timothy Louwers, Penelope Bagley, Allen Blay, Jerry Strawser, Jay Thibodeau

8th Edition

978-1260703733, 1260703738

More Books

Students also viewed these Accounting questions