(PLEASE HELP ME WITH FINDING THE EXCEL FORMULAS ROUNDING TO THE DECIMAL PLACES) EX inventory turnover ratio is =ROUND(F8/((B10+C10)/2),2) THANK YOU!!

Zimmer, Inc. has provided its recent financial statements. The Controller has asked you to use this information to compute and interpret financial ratios that managers are going to use to assess liquidity and use for asset and debt management purposes. Use the information included in the Excel Simulation and the Excel functions described below to complete the task.

EXCEL functions:

• Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, =B7 was entered, the formula would output the result from cell B7, or 360,000 in this example.
• Basic Math functions: Allows you to use the basic math symbols to perform mathematical functions. You can use the following keys: + (plus sign to add), - (minus sign to subtract), * (asterisk sign to multiply), and / (forward slash to divide). From the Excel Simulation below, if in a blank cell =C13+C14 was entered, the formula would add the values from those cells and output the result, or 1,900,000 in this example. If using the other math symbols the result would output an appropriate answer for its function.
• ROUND function: Allows you to round a number or result of a formula calculation to a specific number of digits. The syntax of the ROUND function is =ROUND(number,num_digits) and returns the result of your formula rounded to a particular number of digits. The number argument can be a cell reference to a number or a formula itself that results in a number. The num_digits argument is the number of digits you want to round. The num_digits value rounds based on basis mathematical rounding rules, where anything below 5 will round down and anything 5 and above rounds up. Also, the num_digits value should be a positive value to round to any number of decimal places, while a negative value would round to the left of the decimal place, and a zero would round to the nearest whole number. If the value 1,253.5693 was entered in cell A1, it can be used in the ROUND function as the number reference. In this example, if the value in cell A1 should be rounded to 2 decimal places, in a new cell the function would be written as =ROUND(A1,2) and would result in as 1,253.57 in this example. If the number in cell A1 should be rounded to the nearest hundred place, in a new cell the function would be written as =ROUND(A1,-2) and would result in 1,300 in this example.

Hints:

• Each yellow cell must contain a formula that can calculate the required ratio (you can NOT input the ratio itself). Make sure you start each formula with the "=" sign. For example, gross margin percentage is calculated by dividing the gross margin by total sales, so input the formula "=F9/F7". You could also input the equals sign to start your formula and then click on the F9 cell then input the divide sign and then click on the F7 cell.
• Make sure you follow the rounding instructions. For example, the debt to equity ratio is to be rounded to two decimals using the formula "=ROUND(B24/B28,2)". If you are rounding to the nearest whole number, you are rounding to zero decimals. For example, the average collection period is rounded to the nearest whole day, so input "=ROUND(365/C36,0)".
• Check your formulas and make sure that you are grouping numbers and/or variables together with parentheses as needed; remember the order of operations concept from algebra. Some of the cell formulas will include several sets of parentheses so make sure that you open and close each set. There should be the same number of "(" and ")". For example, the formula for the inventory turnover ratio is =ROUND(F8/((B10+C10)/2),2). You're welcome :) for that one. Also, notice how the average inventory balance is calculated in the formula for the inventory turnover ratio. You add the current and prior year balances together and divide by two as follows: ((current year cell + prior year cell) /2).
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Selected Financial Ratios - Excel FORMULAS REVIEW HOME INSERT PAGE LAYOUT DATA VIEW Calibri as Cel Cells Editing Paste - Alignment Number Conditional Form Formatting TableStyles- Clipboard fr Recent financial statements for immer, Inc. are as follows: 1 Recent financial statements for Zimmer, Inc. are as follows: Limmner Companv Limmner Companv Comparative Balance Sheet Income Statement 4. 5 Assets 6 Current assets: Last Year his Year 360,000 S 310,000 Sales (all on account) $4,980,000 2,988,000 1,992,000 8Marketable securities 9Accounts receivable, net 10 Inventory 11Other current assets 12 Total current assets 13 Plant and equipment, net 220,000 775,000 925,000 355,000 2,635,000 1,975,000 75,000 80,000 700,000 750,000 195,000 Cost of goods sold Gross margin Selling and administrative expenses Operating expenses 985,500 410,500 150,000 1,546,000 446,000 60,000 386,000 135,100 $ 250,900 2,035,000Depreciation and amortization 1,800,000General and administrative expense:s Other assets 15 Total assets 16 Liabilities and Stockholders' Equity 17 Current Liabilities: 18 Accounts pavable 19Short-term bank loans 20 Accrued payables 21Other current liabilities 22 Total current liabilities 23 Bonds payable, 10% 100,000 Total selling and administrative expenses 4,685.000 S3,935,000 Net operating income Interest expense Net income before taxes 250,000$225,000Income taxes 750,000 550,000 275,000 600,000Net income 395,000 223,400 Additional information: 1,825,000 1,443,400Dividend per share paid in current year 575,000 400,000Market price of shares at year end 42.00 Sheet1.. G READY + 100%