The exercises and problems assigned in this module will reinforce these concepts as you compute percentages and ratios from financial statements, identify key concepts related to globalization, and evaluate the effects of changes in foreign currency exchange rates on business transactions.You will complete the following exercises from the textbook for Module 1:Exercises 14.3, 14.4, Problem 14.9A, Exercises 15.1, 15.5, Problem 15.4A.

Here is the homework template for the Module 1 Written Assignment.

Click on the individual tabs at the bottom of the spreadsheet to access each individual assigned exercise or problem.

There are sections you need to complete for each exercise. Some include dropdown menus, others require numeric inputs, and still others require narrative explanations or analysis.

Be sure to take advantage of the hints scattered throughout the template. Some hint links will launch examples and videos to help you in mastering the concepts.

Exercise 14.3
Common size income statements for Year 2 and Year 1.
	Year 2	Year 1
Sales
Cost of goods sold
Gross profit
Operating expenses
Net income
Comment
Hint: Remember that "sales" will always be the 100% mark for a common-size income statement.

Exercise 14.4
Help Video:Liquidity Ratios - Current Ratio and Quick Ratio (Acid Test Ratio)
Part A
Quick Assets	(Dollars in Millions)
Cash and short-term investments
Receivables
	Total quick assets
Current Assets
Quick assets [Ex. 14.4, a(1)]
Inventories
Prepaid expenses and other current assets
	Total current assets
Part B
Quick Ratio	(Dollars in Millions)
Total quick assets (row 7 above)
Current liabilities
	Quick ratio
Current Ratio
Total current assets (row 12 above)
Current liabilities
	Current ratio
Working Capital
Total current assets (row 12 or 19 above)
Less: Current liabilities
	Working capital
Part C
Discussion

Problem 14.9A
Sample Worked Problem:Problem 14.9B
Part A
Hint:Show your work on the blank lines in Column A the left of each computation.
	Another World	Imports, Inc.
Working capital:
Current ratio:
Quick ratio:
Number of times inventory turned over during year:
Average number of days required to turn over inventory:
Number of times accounts receivable turned over during year:
Average number of days required to collected accounts receivable:
Operating cycle:
Part B
Comment

Exercise 15.1
a.
b.
c.
d.
e.
f.
g.

Exercise 15.5
a.
b.
c.
d.
e.
f.
Hint: Refer to the section in Chapter 15 titled "Exchange Rate Jargon," located under the EXCHANGE RATES heading and LO 15-4. In this section, they explain the difference between a "weak dollar" and "strong dollar."

Problem 15.4A
Same Worked Problem: Problem 15.4B
ULSA COMPANY
Part A
	Malaysia	Malta
Sales revenue per unit	Ringgits	Liri
Cost of components
Import duties
Assembly costs
Pretax profit per unit
Income tax per unit
Profit per unit	Ringgits	Liri
Part B
Profit per unit in dollars
Explanation
Part C
Total profit in dollars
Explanation