FILE 6 Paste 1. Use ratios to analyze a company's liquidity and solvency. A1 23 5.2. Clipboard Ce HOME Calibri INSERT BIU Font X 11 3 Balance Sheet 4 Cash 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 8 PAGE LAYOUT Total Current Assets 9 Property and Equipment, Net 10 Total Assets 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities A A A fx Calculate Select Ratios - Excel FORMULAS 5 100 % Alignment Number A 1 Condensed financial statements for Games Galore are summarized below: 2 DATA REVIEW Conditional Format as Cell Formatting Table Styles Styles Condensed financial statements for Games Galore are summarized below: $ $ $ B VIEW 2016 Cells 185,000 $ 80,000 104,000 11,900 380,900 514,500 895,400 $ M Editing 85,300 $ 284,000 369 300 C 2015 143,000 59,000 134,000 5,880 341,880 407,000 748,880 96,800 224,000 320 800 Sign In D > A1 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 Total Stockholders' Equity 18 fx A DEADM Condensed financial statements for Games Galore are summarized below: 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 Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 31 Required: 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). Sheet1 C Qu 5 of 9 7 F $ $ B $ 85,300 $ 284,000 369,300 299,000 227,100 526,100 895,400 $ $ 3,031,000 1,949,000 1,082,000 891,400 190,600 14,500 176,100 47,000 129,100 Next > C 96,800 224,000 320,800 299,000 129,080 428,080 748,880 D > Al 30 31 Required: 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 39 40 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 43 44 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 49 50 51 52 53 Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day), Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) A Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) DEARK Condensed financial statements for Games Galore are summarized below: Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) Sheet1 www BEE B to 1 times days times days to 1 times percent percent C D 4000 1 FILE 6 Paste 1. Use ratios to analyze a company's liquidity and solvency. A1 23 5.2. Clipboard Ce HOME Calibri INSERT BIU Font X 11 3 Balance Sheet 4 Cash 5 Accounts Receivable, Net 6 Inventory 7 Prepaid Insurance 8 PAGE LAYOUT Total Current Assets 9 Property and Equipment, Net 10 Total Assets 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities A A A fx Calculate Select Ratios - Excel FORMULAS 5 100 % Alignment Number A 1 Condensed financial statements for Games Galore are summarized below: 2 DATA REVIEW Conditional Format as Cell Formatting Table Styles Styles Condensed financial statements for Games Galore are summarized below: $ $ $ B VIEW 2016 Cells 185,000 $ 80,000 104,000 11,900 380,900 514,500 895,400 $ M Editing 85,300 $ 284,000 369 300 C 2015 143,000 59,000 134,000 5,880 341,880 407,000 748,880 96,800 224,000 320 800 Sign In D > A1 11 12 Current Liabilities 13 Long-term Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained Earnings 17 Total Stockholders' Equity 18 fx A DEADM Condensed financial statements for Games Galore are summarized below: 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 Expenses 25 Income from Operations 26 Interest Expense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income 30 31 Required: 32 Compute the following liquidity ratios for 2016. Round to the 33 required number of decimal places USING THE EXCEL. 34 ROUND FUNCTION (fx). Sheet1 C Qu 5 of 9 7 F $ $ B $ 85,300 $ 284,000 369,300 299,000 227,100 526,100 895,400 $ $ 3,031,000 1,949,000 1,082,000 891,400 190,600 14,500 176,100 47,000 129,100 Next > C 96,800 224,000 320,800 299,000 129,080 428,080 748,880 D > Al 30 31 Required: 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 39 40 41 Compute the following Solvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION (fx). 43 44 45 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION (fx). 48 49 50 51 52 53 Receivables turnover (rounded to two decimal places) Days to collect (rounded to the nearest whole day), Inventory turnover (rounded to two decimal places) Days' sales in inventory (rounded to the nearest day) A Debt to assets (rounded to two decimal places) Times interest earned (rounded to one decimal place) DEARK Condensed financial statements for Games Galore are summarized below: Profit margin ratio (rounded to one decimal place) Gross margin ratio (rounded to one decimal place) Sheet1 www BEE B to 1 times days times days to 1 times percent percent C D 4000 1