Question: Instructions: This question uses the fact pattern on tab Q48 in the Workbook. Below the fact pattern, there is a data table designed to display

Instructions: This question uses the fact pattern on tab Q48 in the Workbook. Below the fact pattern, there is a data table designed to display the effect on 2015 Net Profit based of changes in 2015 Revenue Growth and 2015 COGS%.

Please provide:

1. The cell reference required in cell D15. For this answer, do not use anchors ($) or the = sign. So if the cell reference is =E$6, your answer would be E6.

2. The row input cell required by the Data Table

3. The column input cell required by the Data Table

Write all three cell references, in the order above, separated by commas with no space (i.e. A1,A2,A3)

Instructions: This question uses the fact pattern on tab Q48 in the

FACT PATTERN Income Statement for Lemonade Co. Revenues Expenses Net profit 12/31/2014 1,000.0 500.0 500.0 12/31/2015 1,070.0 524.3 545.7 12/31/2016 12/31/2017 12/31/2018 1,144.9 1, 225.0 1,310.8 549.6 588.0 629.2 595.3 637.0 681.6 Revenue Growth COGS 7.0% 49.0% 7.0% 48.0% 7.0% 48.0% 7.0% 48.08 50.0% Revenue & 10.0% 8.0% 6.0% 4.09 COGS 52.0% 48.0% 46.0% 44.0% FACT PATTERN Income Statement for Lemonade Co. Revenues Expenses Net profit 12/31/2014 1,000.0 500.0 500.0 12/31/2015 1,070.0 524.3 545.7 12/31/2016 12/31/2017 12/31/2018 1,144.9 1, 225.0 1,310.8 549.6 588.0 629.2 595.3 637.0 681.6 Revenue Growth COGS 7.0% 49.0% 7.0% 48.0% 7.0% 48.0% 7.0% 48.08 50.0% Revenue & 10.0% 8.0% 6.0% 4.09 COGS 52.0% 48.0% 46.0% 44.0%

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