Excel SIM: Calculate Select Ratios 1. Use ratios to analyze a company's liquidity and solvency. FILE Calculate Select Ratios - Excel ? REVIEW VIEW Sign In HOME INSERT * Calibri -11 PAGE LAYOUT FORMULAS DATA % BIU Alignment Number Conditional Format as Cell Formatting Table Styles Paste Clipboard B35 | Font fx A ] =ROUND(B8/B12,1) 1 Condensed financial statements for Games Galore are summarized below: Styles Cells Editing B C D 2 3 Balance Sheet 2016 2015 4 Cash 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance $ 185,000 $ 143,000 80,000 59,000 104,000 134,000 11,900 5,880 8 Total Current Assets 380,900 341,880 9 Property and Equipment, Net 514,500 407,000 10 Total Assets $ 895,400 $ 748,880 14 16 Retained Earnings 11 12 Current Liabilities 13 Long-term Liabilities Total Liabilities 15 Contributed Capital 17 Total Stockholders' Equity $ 85,300 $ 96,800 284,000 224,000 369,300 320,800 299,000 299,000 227,100 129,080 526,100 428,080 18 Total Liabilities and Stockholders' Equity $ 895,400 $ 748,880 19 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Onerating Exnences READY Attempt(s) 0/3 Sheet1 $ 3,031,000 1,949,000 1,082,000 891 400 + 100% Hint Show Me Excel SIM: Calculate Select Ratios 1. Use ratios to analyze a company's liquidity and solvency. FILE HOME INSERT x Calibri Paste BIU Calculate Select Ratios - Excel PAGE LAYOUT FORMULAS DATA 11 % ? REVIEW VIEW Sign In Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Clipboard B35 F| 24 Operating Expenses Font 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 31 Required: | fx =ROUND(B8/B12,1) A 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). 35 36 37 Current ratio (rounded to one decimal place) Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) 39 Days' sales in inventory (rounded to the nearest day) 40 Styles B C D 891,400 190,600 14,500 176,100 47,000 $ 129,100 4.5 to 1 times days 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). times days to 1 43 Debt to assets (rounded to two decimal places) 44 Times interest earned (rounded to one decimal place) 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). READY Attempt(s) 0/3 Sheet1 times Hint + 100% Show Me Excel SIM: Calculate Select Ratios 1. Use ratios to analyze a company's liquidity and solvency. Calculate Select Ratios - Excel FILE HOME INSERT PAGE LAYOUT FORMULAS DATA ? REVIEW VIEW Sign In Calibri - 11 ' ' % Paste BIU Alignment Number Conditional Format as Cell Cells Editing Formatting Table Styles Clipboard | Font | Styles B35 fx |=ROUND(B8/B12,1) A B C D 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). 35 36 37 Current ratio (rounded to one decimal place) Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) 38 Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) 39 40 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 43 Debt to assets (rounded to two decimal places) 4.5 to 1 times days times days to 1 times 44 Times interest earned (rounded to one decimal place) 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 49 50 Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) percent percent 51 52 53 READY Attempt(s) 0/3 Sheet1 + B + 100% Hint Show Me