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HW1 - Chapter 2 Problems 1-27 Input boxes in tan Output...

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Chapter 2 Problems 1-27 Input boxes in tan Output boxes in yellow Given data in blue Calculations in red Answers in green NOTE: Some functions used in these spreadsheets may require that the "Analysis ToolPak" or "Solver Add-in" be installed in Excel. To install these, click on "Tools|Add-Ins" and select "Analysis ToolPak and "Solver Add-In."
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Chapter 2 Question 1 Input area: Current assets $5,300 Net fixed assets 26,000 Current liabilities $3,900 Long-term debt 14,200 Output area: Balance sheet Current assets $5,300 Current liabilities $3,900 Net fixed assets 26,000 Long-term debt 14,200 Owner's equity 13,200 Total liabilities Total assets $31,300 +total equity $31,300 Owner's equity $13,200 Net working capital $1,400
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Chapter 2 Question 2 Input area: Sales $493,000 Costs 210,000 Depreciation expense 35,000 Interest expense 19,000 Tax rate 35% Cash dividends $50,000 Output area: Income Statement Sales $493,000 Costs 210,000 Depreciation expense 35,000 EBIT $248,000 Interest expense 19,000 EBT $229,000 Taxes (35%) 80,150 Net income $148,850 Addition to retained earnings $98,850
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Chapter 2 Question 3 Input area: Sales $14,900 Costs 5,800 Depreciation Expense 1,300
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