Please include cell functions
Games Galore has provided its condensed financial statements for the year ended December 31, 2016. The Controller has asked you to calculate liquidity, solvency, and profitability ratios that management can use decision making. Use the information included in the Excel Simulation and the Excel functions described below to complete the task. Cell Reference: Allows you to refer to data from another cell in the worksheet. From the Excel Simulation below, if in a blank cell, =B9" was entered, the formula would output the result from cell B9, or $514,500 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 on the Balance Sheet tab, if in a blank cell "=C15+C16" was entered, the formula would add the values from those cells and output the result, or 428,080 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. ? X - Sign In INSERT 5. B FILE HOME 1 Calberi Paste ste B I U Clipboard Calculate Select Ratios - Excel PAGE LAYOUT FORMULAS DATA REVIEW VIEW AA = AAlignment Number Conditional Format as Cell - Formatting Table Styles Styles . . Cells B Font B44 1 Condensed financial statements for Games Calcee see summarized below: 3 Balance Sheet $ 185.000 WODU 104,000 2015 143,000 59 000 134.000 S Accounts Receivable, Net 6 w ory 7 Prepaid Insurance Total Current Assets 9 Property and Equipment, Nel 10 Total Assets 30,900 34180 40T000 1954) 16,00 22400 12 Current Liabilities 13 Long Liabilities 14 Total Liabilities 15 Contributed Capital 16 Retained aming 17 Total Stockholders Iquity Total Liabilities and Stockholders' Equity 29900 526,100 M95400 129 NO 426 NO 2 .NO 5 1191 JUNI 20 Income Statement 21 Net (wiono 22 Cost of Goods Sold 21 Cross Pratt 24 Operating perses 25 come from Operations 891.400 190.00 25 Des Expo 27 Income before Income Tax Expense 28 Income Tax Expense 29 Net Income $ 129.100 31 Required: 32 Compute the following llawdity rates for 2016. Round to the ... Sheeti ... READY Attempt(o) 2/3 5 . HOME Calculate Select Ratios - Excel FORMULAS DATA REVIEW FILE INSERT PAGE LAYOUT VIEW Sign In Paste B . Alignment Number Cells IU . . . Fonts Conditional Format as Cell Formatting" Table Styles Styles Clipboard B44 $ 3.0131 000 1.949 000 20 Income Statement 21 Net Sales (wil on account) 22 Cost of Goods Sold 123 Guss Putin 24 Operating Espeses 25 Income fra Operations 26 Interest lexpense 27 Income before Income Tax Expense 28 Income Tax Expense 29 Neti.com 891.400 190.600 14.300 47 000 129,100 $ 31 Required: 32 Compute the following liquidity ruties for 2016. Round to the ) required number of decimal places UNING THE EXCEL 14 ROUND FUNCTION(). A Current rutia crounded to one decimal place) 36 Receivables tumover rounded to two decal places) 27 Days to collect rounded to the nearest whole day 38 nventory tumover (rounded to two decimal places) 39 Days to sell rounded to the nearest whole day) 41 Compute the following Nolvency Ratios for 2016. Again, USE 42 THE EXCEL ROUND FUNCTION . 43 De tota crounded to we decimal places) 44 Times interest and rounded in de decimal place) 46 Compute the following Profitability Ratios for 2016. Again, USE 47 THE EXCEL ROUND FUNCTION IX) 48 Net profit margin (rounded to one decimal place) 49 Gross protit percentage (rounded to one decimal place) leercent Sheet1 ... + + READY Attempte) 10% Hint 213
