Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Prepare a doughnut chart showing total liabilities, total common stock, and total retained earnings as components of total liabilities plus stockholders' equity. Hint: Highlight the


Prepare a doughnut chart showing total liabilities, total common stock, and total retained earnings as components of total liabilities plus stockholders' equity. Hint: Highlight the data set and open the Insert tab. Click on the Pie icon in the Charts group and click on Doughnut.

Display a percentage label in each section of your chart. Hint: Right-click inside the doughnut, select Format data labels, select Percentage. Deselect Value if necessary.

List the formula for the chart data range. Hint: Click inside the chart. Open the Chart Design tab and click Select Data. The formula is in the Chart data range field.

List the percentage amount (or combination of percentage amounts) on the doughnut chart that reflect the stockholders' equity proportion.

Stockholders' equity proportion:

%

6. List the larger percentage: the total liabilities proportion or the total equity proportion of the pie chart.

%

List the percentage amount (or combination of percentage amounts) on the doughnut chart that reflect the total assets proportion.

Total assets proportion

%

List the dollar amount of total assets.

Total assets: $


A)

Cambridge


DA2-3 Preparing Basic Data Visualization in Excel Using a Doughnut Chart

The Excel file associated with this exercise indudes total liabilities, common stock, and retained earnings balances as of December 31 for Monona inc. We will prepare data visualizations focusing on how these amounts relate to one another and how the relations can be expressed through proportions.

Required

Save the Excel file DA2-3

Prepare a doughnut chart showing total liabilities, total common stock, and total retained earnings as components of total liabilities plus stockholders' equity. Hint: Highlight the data set and open the Insert tab. Click on the Pie icon in the Charts group and click on Doughnut.

Display a percentage label in each section of your chart. Hint: Right-click inside the doughnut, select Format dato labels, select Percentoge. Deselect Value if necessary

Lst the formula for the chart data range. Hint: Click inside the chart. Open the Chart Design tab and click Select Data. The formula is in the Chart data range field.

List the percentage amount (or combination of percentage amounts) on the doughnut chart that reflect the stockholders' equity proportion.

List the larger percentage: the total liabilities proportion or the total equity proportion of the pie chart.

List the percentage amount (or combination of percentage amounts) on the doughnut chart that reflect the total assets proportion.

List the dollar amount of total assets.

 

Step by Step Solution

There are 3 Steps involved in it

Step: 1

To create the doughnut chart and answer the questions based on the provided information Ill guide you through the steps and calculations However pleas... blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Intermediate Accounting Reporting and Analysis

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

2nd edition

9781305727557, 1285453824, 9781337116619, 130572755X, 978-1285453828

Students also viewed these Accounting questions

Question

What is the purpose of the statement of shareholders equity?

Answered: 1 week ago