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I need to have an excel spreadsheet created that answers questions a b and c. Using the data in the student spreadsheet file Patio-sat {to

I need to have an excel spreadsheet created that answers questions a b and c.

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Using the data in the student spreadsheet file Patio-\"sat {to nd the student spreadsheets for FinanclatAnaWs llr'ith Microsoft Excel. sixth edition, go to www.caengage.comtfinanoefmayesji forecast the June 3D, 2011, income statement and balance sheet for Procter a Gamble. Use the percent of sales method and the following assumptions: [1] Sales in F'i' 2011 will be ELMO; {2} The tax rate will be Eli-26%; [3} Each item that changes with sales will be the five-year average percentage of sales; {4} The preferred dividend will be 219; and [5} The common dividend payout ratio will be 42% of income available to common stockholders. a. What is the discretionary financing needed in 2011'? Is this a surplus or deficit? b. Assume that the DFN will be absorbed by long-term debt and that the total interest rate is secs-:1 of LTD. Set up an iterative worksheet to eliminate it. c. Create a chart of cash vs. sales and add a linear trend line. ls the cash balance a consistent percentage of sales? Does the relationship fit your expectations

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