Course Materials xCh 13 Excel Project O ezto.mheducation.com/hm.tpx?-0.654975269
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Course Materials xCh 13 Excel Project O ezto.mheducation.com/hm.tpx?-0.65497526937321 581524778397377 Ch 13 Excel Project Instructions I help Question 1 (of 1) Save & Exit Submit value: 10.00 points 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. . 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 ?s=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 Selected Financial Ratios -Excel ??- × HOME INSERT PAGE LAYOUT FORMULAS DATA REVIEW VIEW B l u . ? ?? . Alignment Number Conditional Format asCell Cells Editing Formatting Table Styles- 2-37 PM O Type here to search 4/26/2018Explanation / Answer
1.) GROSS MARGIN PERCENTAGE RATIO= GROSS MARGIN/ NET SALES
= $(1992000/4980000)
= 2:5
2.) CURRENT RATIO = CURRENT ASSETS/ CURRENT LIABILITIES
= $(2635000/ 1825000)
= 144.3%
3.) ACID TEST RATIO= QUICK ASSETS/ CURRENT LIABILITIES *100
= $(2542500/ 1825000) *100 ( I.E.,QUICK ASSETS = CURRENT ASSETS- INVENTORIES)
= 139.31%
4.) ACCOUNTS RECEIVABLE PERCENTAGE RATIO= NET CREDIT SALES/ AVERAGE ACCOUNTS RECEIVABLES* 100
AVERAGE ACCOUNTS RECEIVABLES= ACCOUNTS RECEIVABLES AT START+ ACCOUNTS RECEIVABLES AT LAST/2
= $(775000+700000/2)
= $737500
ACCOUNTS RECEIVABLE PERCENTAGE RATIO= $( 4980000/737500) *100
= 675.25%