Please include the which cell you used to find the answer

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. 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. 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 1 Recent financial statements for Zimmer, Inc. are as follows Zimmer Company Comparative Balance Sheet Zimmer Company Income Statement This Year This Year Last Year 5 Assets 6 Current assets: 7 Cash 8 Marketable securities 9Accounts receivable, net LOI Inventory 1Other current assets 2 Total current assets $ 4,980,000 2,988,000 1,992,000 360,000 220,000 775,000 925,000 355,000 2,635,000 1,975,000 75,000 310,000 Sales (all on account) 80,000 Cost of goods sold 700,000 Gross margin 750,000 Selling and administrative expenses 195,000 Operating expenses 985,500 410,500 150,000 1,546,000 446,000 60,000 386,000 135,100 2,035,000 1,800,000 Depreciation and amortization Plant and equipment, net 4 Other assets 5 Total assets General and administrative expenses 100,000 Total selling and administrative expenses 000 Net operating income Liabilities and Stockholders' Equity 17 Current Liabilities 8 Accounts payable L9Short-term bank loans 0 Accrued payables 1Other current liabilities 2 Total current liabilities Interest expense Net income before taxes 250,000 $ 225,000 Income taxes 750,000 550,000 275,000 600,000 Net income 395,000 223,400 Additional information: 1,825,000 1,443,400 Dividend per share paid in current year 1.00 Bonds payable, 10% 400,000 Market price of shares at year end 42.00 | | 575,000 Sheet1... + Clipboard F Font Styles F19 VXf 250900 20 Accrued payables 21 Other current liabilities 22 Total current liabilities 23 Bonds payable, 1096 24 Total liabilities 25 Stockholders' equity: 26 Common stock 27 Retained earnings 28 Total stockholders' equity 29 Total liabilities and stockholders' equity 30 31 Required: 32 Compute the following ratios for the current year only: 33 Gross margin percentage 34 Current ratio (rounded to two decimal places) 35 Acid-test ratio (rounded to two decimal places) 36 Accounts receivable turnover (rounded to two decimal places) 550,000 395,000 275,000 223,400 Additional information: 1,825,000 1,443,400 Dividend per share paid in current year 1.00 42.00 20.00 Market price of shares at year end 575,000 Par value of common stock per share 2400,000 1,843,400 1,150,000 1135,000 2 285,000 Number of share outstanding 1,150,000 40% 1.44 0.74 Average collection period (rounded to the nearest whole day) 38 Inventory turnover ratio (rounded to two decimal places) 39 Average sales period (rounded to the nearest whole day) 40Debt-to-equity ratio (rounded to two decimal places) 41 Times interest earned (rounded to two decimal places) 42 Book value per share (rounded to two decimal places) ...Sheet1 READY + 100% 43 Earnings per share (rounded to two decimal places) 44Dividend pavout ratio (rounded to three decimal places) 45 Dividend yield ratio (rounded to three decimal places) 46 Price-earnings ratio (rounded to two decimal places) 47 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. 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. 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 1 Recent financial statements for Zimmer, Inc. are as follows Zimmer Company Comparative Balance Sheet Zimmer Company Income Statement This Year This Year Last Year 5 Assets 6 Current assets: 7 Cash 8 Marketable securities 9Accounts receivable, net LOI Inventory 1Other current assets 2 Total current assets $ 4,980,000 2,988,000 1,992,000 360,000 220,000 775,000 925,000 355,000 2,635,000 1,975,000 75,000 310,000 Sales (all on account) 80,000 Cost of goods sold 700,000 Gross margin 750,000 Selling and administrative expenses 195,000 Operating expenses 985,500 410,500 150,000 1,546,000 446,000 60,000 386,000 135,100 2,035,000 1,800,000 Depreciation and amortization Plant and equipment, net 4 Other assets 5 Total assets General and administrative expenses 100,000 Total selling and administrative expenses 000 Net operating income Liabilities and Stockholders' Equity 17 Current Liabilities 8 Accounts payable L9Short-term bank loans 0 Accrued payables 1Other current liabilities 2 Total current liabilities Interest expense Net income before taxes 250,000 $ 225,000 Income taxes 750,000 550,000 275,000 600,000 Net income 395,000 223,400 Additional information: 1,825,000 1,443,400 Dividend per share paid in current year 1.00 Bonds payable, 10% 400,000 Market price of shares at year end 42.00 | | 575,000 Sheet1... + Clipboard F Font Styles F19 VXf 250900 20 Accrued payables 21 Other current liabilities 22 Total current liabilities 23 Bonds payable, 1096 24 Total liabilities 25 Stockholders' equity: 26 Common stock 27 Retained earnings 28 Total stockholders' equity 29 Total liabilities and stockholders' equity 30 31 Required: 32 Compute the following ratios for the current year only: 33 Gross margin percentage 34 Current ratio (rounded to two decimal places) 35 Acid-test ratio (rounded to two decimal places) 36 Accounts receivable turnover (rounded to two decimal places) 550,000 395,000 275,000 223,400 Additional information: 1,825,000 1,443,400 Dividend per share paid in current year 1.00 42.00 20.00 Market price of shares at year end 575,000 Par value of common stock per share 2400,000 1,843,400 1,150,000 1135,000 2 285,000 Number of share outstanding 1,150,000 40% 1.44 0.74 Average collection period (rounded to the nearest whole day) 38 Inventory turnover ratio (rounded to two decimal places) 39 Average sales period (rounded to the nearest whole day) 40Debt-to-equity ratio (rounded to two decimal places) 41 Times interest earned (rounded to two decimal places) 42 Book value per share (rounded to two decimal places) ...Sheet1 READY + 100% 43 Earnings per share (rounded to two decimal places) 44Dividend pavout ratio (rounded to three decimal places) 45 Dividend yield ratio (rounded to three decimal places) 46 Price-earnings ratio (rounded to two decimal places) 47