Excel Applications for Accounting Principles
4th Edition
ISBN: 9781111581565
Author: Gaylord N. Smith
Publisher: Cengage Learning
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Question
Chapter 14, Problem 5R
To determine
Interpret the behavior of each component from the chart and explain whether the trends are favorable or unfavorable.
To determine
Prepare and print the statement of
To determine
Prepare a line chart explaining the relationship between net income and operating cash flows over the five years.
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Students have asked these similar questions
a. Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Try to duplicate the formatting exactly.
b. On another worksheet, create a statement of cash flows for 2020. Do not enter any numbers directly on this worksheet. All formulas should be linked directly to the source on previous worksheets.
C. Using Excel's outlining feature, create an outline on the statement of cash flows that, when collapsed, shows only the subtotals for each section.
d. Suppose that sales were $425,000 in 2020 rather than $412,500. What is the 2020 net income and retained earnings?
e. Undo the changes from part d, and change the tax rate to 20%. What is the 2020 net income and retained earnings?
a) Recreate the income statement and balance sheet using formulas wherever possible. Each statement should be on a separate worksheet. Please show all dollar amount to thousands of dollars.
b) On another sheet, create a statement of cash flows for 2019. Do not enter any numbers directly on this sheet. All formulas should be linked directly to the source on previous worksheets.
Garage, Inc., has identified the following two mutually exclusive projects.
a. What is the IRR for each project?
b. If the required return is 11 percent, what is the NPV for each project?
c. What is the crossover rate between these two projects?
Year 0
Year 1
Year 2
Year 3
Year 4
Required return
SSSSS
A
(43,500)
21,400
18,500
13,800
7,600
$
ESSASALA
$
$
$
$
B
(43,500)
6,400
14,700
22,800
25,200
11%
Complete the following analysis. Do not hard code values in your calculations.
You must use the built-in Excel functions to answer this question.
Chapter 14 Solutions
Excel Applications for Accounting Principles
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Similar questions
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- Please donot provide solution in image format and provide solution in step by step format and fast solution. You have the following data available for Al Maha Company, which is the income statement at the end of 2022and the statement of financial position (balance sheet) at the end of 2021 and 2022. You are required to:1- Preparing a statement of retained earnings at the end of 20222- A list of cash inflows and outflows at the end of 20223 - A statement of cash flows according to operating, investment and financing activity at the end of 20224 - Free Cash Flow Calculation (from Assets) Free cash flow = operating cash flow - change in net fixed assets - change in net working capital (current assets - current liabilities) Balance sheet at the end of 2021 and 2022 2022 2021 Cash 24000 21000 Receivables 45000 39000 Inventory 30000 27000 Net Fixed Assets = Total - Accumulated Depreciation = (40,000 - 18,000 =) 2021 20000 22000 ( 42000 - 22000 = ) 2022 Total assets…arrow_forwardInstructions: Please provide complete solution for full credit and draw the cash flow diagram. Box your final answers.arrow_forwardPlease prepare a statement of cash flows using the following data. Please include any equations or calculations used through excel.arrow_forward
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