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 B36 fx A C D 1 Condensed financial statements for Games Galore are summarized below: 2 3 Balance Sheet 4 Cash 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 2016 2015 $ 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 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital $ 85,300 $ 96,800 284,000 224,000 369,300 320,800 299,000 299,000 16 Retained Earnings 17 Total Stockholders' Equity 227,100 129,080 526,100 428,080 $ 895,400 $ 748,880 18 Total Liabilities and Stockholders' Equity 19 20 Income Statement 21 Net Sales (all on account) 22 Cost of Goods Sold 23 Gross Profit 24 Operating Exnences READY Attempt(s) 3/3 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 Paste HOME INSERT * Calibri Calculate Select Ratios - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW - 11 % BIU Alignment Number Conditional Format as Cell Formatting Table Styles Cells Editing Font Styles Clipboard B36 23 TUSS PTQIIL 24 perating Expenses 25 come from Operations 26 terest Expense fx A 27 come before Income Tax Expense 28 come Tax Expense 29 et Income 30 31 equired: C 1,002,www 891,400 190,600 14,500 176,100 47,000 $ 129,100 32 Dompute the following liquidity ratios for 2016. Round to the 33 quired number of decimal places USING THE EXCEL. 34 DUND FUNCTION (fx). 35 Current ratio (rounded to one decimal place) 36 Receivables turnover (rounded to two decimal places) 37 Days to collect (rounded to the nearest whole day) 38 39 40 Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) 41 ompute the following Solvency Ratios for 2016. Again, USE 42 HE EXCEL ROUND FUNCTION (fx). 43 Debt to assets (rounded to two decimal places) 44 Times interest earned (rounded to one decimal place) 45 46 omoute the following Profitability Ratios for 2016. Again. USE 4.5 to 1 times days times days to 1 times READY Attempt(s) 3/3 Sheet1 Sign In B 100% Hint Show Me Excel SIM: Calculate Select Ratios 1. Use ratios to analyze a company's liquidity and solvency. Calculate Select Ratios - Excel ? REVIEW VIEW Sign In FILE HOME INSERT PAGE LAYOUT FORMULAS DATA Calibri -11 ' ' % Paste BIU A - Clipboard Font Alignment Number Conditional Format as Cell Formatting Table Styles Styles Cells Editing B36 fx A C 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 Current ratio (rounded to one decimal place) 36 37 38 Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day) Inventory turnover (rounded to two decimal places) 39 Days' sales in inventory (rounded to the nearest day) 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 Itimes 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 Profit margin ratio (rounded to one decimal place) percent 49 Gross margin ratio (rounded to one decimal place) 50 51 percent 52 53 READY Attempt(s) 3/3 Sheet1 + B Hint 100% Show Me