Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Hi. I need help with this excel income statement accounting problem. I really don't know how to use excel. Thank-you! AutoSave CF] Income Statement ,

image text in transcribed

Hi. I need help with this excel income statement accounting problem. I really don't know how to use excel. Thank-you!

image text in transcribedimage text in transcribed
AutoSave CF] Income Statement , Class Activity (5) , Excel File Home Insert Draw Page Layout Formulas Data Review View Help Nitro Pro Acrobat 13 Share 5' Comments 2 [727 [Q l? [A [Q [Q [8 l... g @ Define Name V En; Trace Precedents WEcShow Formulas _66 ::: = Calculate Now Insert AutoSum Recently Financial Logical Text Date 8i Lookup & Math t More Name (ll Use m Formula V a Trace Dependents A/ Error Checking v Watch Calculation Function v Used v v v v Time v Reference v Trig v Functions v Manager F0 Create from Selection F): Remove Arrows V Evaluate Formula Window Options v _" Calculate Sheet Function Library Defined Names Formula Auditing Calculation A 53 v fx v 21 A l B l c l D l E F G H J K L , M A 1 Class Activity % - Calculate the Values highlighted in YELLOW and GREEN 22 3 Utopia Retailers Inc. . . . . . Corlimon Size income Statement T Income Statement T 111: ' 6 7 Revenue stream 1 7,938.7 8,064.6 8,1926 8* Revenue stream 2 1,968.8 2,000.0 1,931.8 9* Returns, Refunds, Discounts (284.1) (288.6) (263.2) 10 Total Net Revenue 9,623.4 9,776.0 9,861.2 117 I\" CH 12 Cost of Goods Sold 3,646.3 3,704.1 3,7629 13 Gross Prot 5,977.1 6,071.9 6,098.3 15 1i Expenses 16 Advertising & Promotion 260.7 265.9 251.1 177 Depreciation & Amortization 1,515.3 1,545.4 1,576.1 18' Insurance 15.3 15.6 15.9 19? Maintenance 79.5 81.0 82.6 2E Office Supplies 39.0 39.8 40.6 21_ Rent 80.9 82.5 84.1 22 Salaries, Benefits & Wages 3,501.8 3,571.4 3,642.3 23'Telecommunication 20.9 21.3 21.7 2? Travel 32.1 32.7 33.3 2; Utilities 19.5 19.9 20.3 26 Other Expense 1 53.0 54.0 55.1 27 Total Expenses 5,618.0 5,729.5 5,823.1 28 Earnings Before Interest & Taxes 359.1 342.4 275.2 217 307 Interest Expense 2.5 2.5 2.5 v Income Statement (BLANK) l 6-) 5 4 r Ready Count:4 El J-' - ++ 100% AutoSave CFl Income Statement . Class Activity (5) . E File Home Insert Draw Page Layout Formulas Data Review View Help Nitro Pro Acrobat l3 Share 5' Comments 2 [727 [S l? [A [Q [Q [G l... g @ Define Name V En; Trace Precedents WEcShow Formulas :4 ::: = Calculate Now Insert AutoSum Recently Financial Logical Text Date 8L Lookup 8L Math BL More Name Ready Count:4 El J-' ++ 100%

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

Financial and Managerial Accounting

Authors: Belverd E. Needles, Marian Powers, Susan V. Crosson

9th edition

1439037809, 978-1439037805

More Books

Students also viewed these Accounting questions