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In the following income statement worksheet, which cell has an error? A B 1 2016 2 Sales 3,850.00 3 Cost of Goods Sold 3,250.00 4
In the following income statement worksheet, which cell has an error? A B 1 2016 2 Sales 3,850.00 3 Cost of Goods Sold 3,250.00 4 Gross Profit =B2-B3 5 Selling and G&A Expenses 330.30 6 Fixed Expenses 100.00 7 Depreciation Expense 20.00 8 EBIT =B4-SUM(B4:B7) 9 Interest Expense 76.00 10 Earnings Before Taxes =B8-B9 11 Taxes 29.48 12 Net Income =B10-B11 B4 B8 B10 B12 None Use the following table to answer the question. A B 1 10 5.5 220 12 3 30 7.5 4 40 4 5 50 10 Assume the following formula exists: Emin(A1:A5), what will display once the formula is evaluated? 20 10 50 150
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