Question: Solve with excel formulas In cell B 1 9 , input the net sales amount. In cell B 2 0 , input the cost of
Solve with excel formulas
In cell B input the net sales amount.
In cell B input the cost of goods sold amount.
Note: The output of the expression or function you typed in this cell is expected as a positive number.
In cell B calculate the gross profit.
In cell B input the operating expenses.
Note: The output of the expression or function you typed in this cell is expected as a positive number.
In cell B calculate the operating income.
In cell B calculate the net income by adding the product of the dividend per share times the number of common stock outstanding and the increase in retained earnings.
In cell B calculate the income before taxes amount by dividing the net income by minus the tax rate.
In cell B calculate the interest expense amount by subtracting the income before taxes from the operating income.
Note: The output of the expression or function you typed in this cell is expected as a positive number.
In cell B calculate the tax amount by subtracting the net income from the income before taxes.
Note: The output of the expression or function you typed in this cell is expected as a positive number.
In cell B calculate the operating profit margin by dividing the operating income by the net sales.
Note: Refer to the appropriate cells from the Income Statement in your calculations.
In cell B calculate the times interest earned by dividing the operating income by the interest expense.
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