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Please show Excel formula $82,500,000 $65,000,000 $10,000,000 $2,500,000 C. Grant Emporium Income Statement Operating Revenues Net Sales Operating Expenses Cost of goods sold Selling, general
Please show Excel formula
$82,500,000 $65,000,000 $10,000,000 $2,500,000 C. Grant Emporium Income Statement Operating Revenues Net Sales Operating Expenses Cost of goods sold Selling, general and administrative expenses Depreciation Total Operating Expenses Earnings Before Interest and Taxes Interest Expense Taxable income Taxes (at 21%) Net Income Allocation of Net Income Dividends Addition to Retained Earnings $2,000,000 8 $1,500,000 $2,500,000 9 0 Assets 1 Current Assets +2 Cash +3 Marketable Securities -4 Receivables 5 Inventories 26 Total Current Assets 7 Fixed Assets E8 Property, Plant, and Equipment 9 Intangible Fixed Assets - Goodwill Total Fixed Assets 1 Total Assets C. Grant Emporium Balance Sheet Liabilities and Stockholders' Equity Current Liabilities $1,250,000 Debt due for repayment $750,000 Accounts Payable $3,500,000 Total Current Liabilities $6,500,000 Long-Term Debt Total Liabilities Shareholders' Equity $55,000,000 Common Stock and paid-in capital $5,000,000 Retained Earnings Total Shareholders' Equity Total Liabilities and Shareholders' Equity $40,000,000 $8,000,000 $20,000,000 90 32 33 Required: Using the information in the tables above, please calculate the following profitability measures. For simplicit 34 assume balance sheet figures did not change from previous year. 35 36 (Use cells A3 to 031 from the given information to complete this question.) 37 38 Corporate Tax Rate 39 C. Grant Emporium Profitability Measures 40 Return on Assets 41 Return on Capital Return on Equity 43 0.21 42 44 45 46 Students. The scratchnad area is for you to do any additional work you need to solve this question or can beStep by Step Solution
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