Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copypaste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section.

DATA

Cash $

Account receivables

Accounts payable

Shortterm notes payable

Inventories

Gross fixed assets

Other current assets

Longterm debt

Common stock

Other assets

Accumulated depreciation

Retained earnings

SOLUTION

Balance Sheet:

Cash

Accounts receivable

Inventories

Other current assets

Total current assets

Gross fixed assets

Accumulated depreciation

Net fixed assets

Other assets

Total assets

Notes payable

Accounts payable

Total current liabilities

Longterm debt

Total liabilities

Common stock

Retained earnings

Total equity

Total liabilities and equity

Net Working Capital

Debt Ratio