Question: Problem 9-13 Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you

Problem 9-13 Complete the steps below using cell references to given data or previous calculations. In some cases, a simple cell reference is all you need. To copy/paste a formula across a row or down a column, an absolute cell reference or a mixed cell reference may be preferred. If a specific Excel function is to be used, the directions will specify the use of that function. Do not type in numerical data into a cell or function. Instead, make a reference to the cell in which the data is found. Make your computations only in the blue cells highlighted below. In all cases, unless otherwise directed, use the earliest appearance of the data in your formulas, usually the Given Data section. In the HomeNet example from the chapter, its receivables are 15% of sales and its payables are 15% of COGS. Forecast the required investment in net working capital for HomeNet assuming that sales and cost of goods sold (COGS) will be as follows: 0 4 Year Sales COGS $ $ 1 23,500 $ 9,500 $ 2 26,438 10,688 $ $ 3 23,794 9,619 $ $ 8,566 3,463 A/R over Sales A/P over COGS 15% 15% 0 1 2 3 4 Year Accounts Receivable Accounts Payable Net Working Capital Change in NWC
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