QRB 501 Week 5 Individual Assignment - Problem Set.xlsx

8/10/2019 QRB 501 Week 5 Individual Assignment - Problem Set.xlsx

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Assets

Cash 9374Accounts receivable 7242Mechandise inventory 18271Total assets 34887

Liabilities

Accounts payable 9731Wages payable 3906Total liabilities 13637

Owner's equity

The owner's capital 21250Total liabilities and owner's equity 34887

The screenshot on tan example problem

your values to get th


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e right is. Enter ine final


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Amount PercentAssets

Cash 8,871.00$ 26.1Accounts receivable 7,262.00$ 21.3Mechandise inventory 17,911.00$ 52.6Total assets 34,044.00$ 100

Liabilities

Accounts payable 10,186.00$ 29.9Wages payable 4,089.00$ 12Total liabilities 14,275.00$ 41.9

Owner's equity

The owner's capital 19,769.00$ 58.1Total liabilities and owner's equity 34,044.00$ 100

The screexamplevalues tobold exc


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enshot on the right is anproblem. Enter in yourget the final answer in thel box.


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Enter your total liabilities 5008Enter your total assets 8719Total debt to total assets is 57.4

The screenshot on the right isan example problem. Enter in

your values to get the finalanswer in the bold excel box.Get the information from thebakery balance sheet (click onthe icon)


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2012 2013 Net sales 97786 92474Cost of goods sold 82266 72720Gross profit 15520 19754Operating expenses 4012 3382

Net income 11508 16372

The screenshot on the rian example problem. Ent

your values to get the finanswer in the bold excelGet the information frombakery balance sheet (clithe icon)


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ht iser inalbox.the

ck on


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2011 Percent of net sales 2010 Percent of net salesGross sales 35026 101 32184 100.9Returns and allowances 342 1 294 0.9

Net sales 34684 100 31890 100(Round to the nearest tenth as needed.)Cost of beginning inventory 17987 51.9 16993 53.3Cost of purchases 27330 78.8 33771 105.9Cost of ending inventory 22604 65.2 21703 68.1Cost of goods sold 22713 65.5 29061 91.1

(Round to the nearest tenth as needed.)Gross profit 11971 34.5 2829 8.9Total operating expenses 3326 9.6 1813 5.7

Net income 8645 24.9 1016 3.2


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The screenshots above is anexample problem. Enter in yourvalues to get the final answerin the bold excel box. Get theinformation from the bakerybalance sheet (click on theicon)


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Enter the current assets 167117Enter the current liabilities 103687Current ratio is 1.61 to 1

The screenshots above is anexample problem. Enter in yourvalues to get the final answer


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Enter the reported net sales 281574Enter the average total assets 134626The assets turnover ratio is 2.09(Type an integer or decimal rounded to the nearest hundreth as needed)


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Enter the cash amount 32559Enter the receivables 11036Enter the marketable securities 0Enter the current liabilities 24215The acid-test ratio is 1.8


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Enter the net sales 16500Enter the cost of goods sold 6500Enter the gross profit 8000Enter the operating expense 4500Enter the net income 5500

Operating ratio is 66.7


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Documents

QRB 501 Week 5 Individual Assignment - Problem Set.xlsx