Question: please use excel for speding forumla. i need a chart. thank you. please help need excel spreadsheet. Application Exercises 2-19. EXCEL APPLICATION: IT Benchmarks Jay's

Application Exercises 2-19. EXCEL APPLICATION: IT Benchmarks Jay's Bikes is a family-owned and -operated business that stocks a wide range of bikes designed to fit the needs of professional riders, your child's first bike, and everything in between. The business has 12 full-time employees. Download the Excel file Ch02Ex01 (Figure 2.21) to calculate average IT spending so that it can be compared with the retail industry average. Recall that average IT spending in the retail industry is about 2 percent of revenue. How do Jay's II expenditures compare with the industry average? How much would Jay need to change spending in order to match the retail industry average? Figure 2.21 Jay's Bikes revenue and IT expenditures
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