Assignment 2 excel and microsoft due 01/03

Answer all of the following questions/problems and submit them to your mentor in a Word document.  

You should use a financial calculator and Excel to solve the problems.    

Remember: You must export your table(s) from Excel to Word before submitting your work.  




  1. Discuss the importance of financial statements and how they are used by businesses.

  1. What is the basic format of the income statement and what is the relevance of the basic categories?

  1. Cash flows for an organization come from operating activities and investment activities. Discuss the importance of each to the organization.

  1. The Happy Auto Shop has the following annual information:


Gross Sales


Net sales


Gross profit


What are the shop’s returns and allowances and cost of goods sold?


  1. Construct a statement of financial position (balance sheet) for the Humperdink family using the following information:




Checking account


student loan balance


stocks and bonds


savings account






savings account


automobile loan balance


401K retirement account


furniture, clothing, jewelry


credit card balance


mortgage loan balance



  1. What is the purpose of financial statement analysis?  How do the three types of financial statement analysis differ from each other and when is each used?

  1. Samantha Knight is applying for a small-business loan. She provides the bank with the following information:


cash in checking accounts


cash in savings


home market value


first mortgage on house


home equity loan limit


home equity loan


automobile market value


automobile loan outstanding


credit card debt



    1. Calculate the debt-to-asset ratio.

    2. Calculate the debt-to-equity ratio.

    3. What percentage of Samantha’s assets is owned by others?   


  1. Given the profit loss (income statement) and balance sheet for Sam’s Sandwich Delivery (Table 4-8, page 121 of your textbook), answer the following:

    1. Calculate the following ratios: current, quick, accounts receivable turnover, fixed asset turnover.

    2. Using the inventory figure on the balance sheet as average inventory, calculate the inventory turnover ratio.

    3. Calculate the debt-to-equity ratio, debt-to-total asset ratio, and operating profit margin ratio.

    4. Perform a vertical analysis of the income statement.

    5. Perform a vertical analysis of the balance sheet.

    6. Based on your analysis, would you consider investing in Sam’s Sandwich Delivery?

Custom Papers Pro
Calculate your paper price
Pages (550 words)
Approximate price: -

Why Work with Us

Top Quality and Well-Researched Papers

We always make sure that writers follow all your instructions precisely. You can choose your academic level: high school, college/university or professional, and we will assign a writer who has a respective degree.

Professional and Experienced Academic Writers

We have a team of professional writers with experience in academic and business writing. Many are native speakers and able to perform any task for which you need help.

Free Unlimited Revisions

If you think we missed something, send your order for a free revision. You have 10 days to submit the order for review after you have received the final document. You can do this yourself after logging into your personal account or by contacting our support.

Prompt Delivery and 100% Money-Back-Guarantee

All papers are always delivered on time. In case we need more time to master your paper, we may contact you regarding the deadline extension. In case you cannot provide us with more time, a 100% refund is guaranteed.

Original & Confidential

We use several writing tools checks to ensure that all documents you receive are free from plagiarism. Our editors carefully review all quotations in the text. We also promise maximum confidentiality in all of our services.

24/7 Customer Support

Our support agents are available 24 hours a day 7 days a week and committed to providing you with the best customer experience. Get in touch whenever you need any assistance.

Try it now!

Calculate the price of your order

Total price:

How it works?

Follow these simple steps to get your paper done

Place your order

Fill in the order form and provide all details of your assignment.

Proceed with the payment

Choose the payment system that suits you most.

Receive the final file

Once your paper is ready, we will email it to you.

Our Services

No need to work on your paper at night. Sleep tight, we will cover your back. We offer all kinds of writing services.


Essay Writing Service

No matter what kind of academic paper you need and how urgent you need it, you are welcome to choose your academic level and the type of your paper at an affordable price. We take care of all your paper needs and give a 24/7 customer care support system.


Admission Essays & Business Writing Help

An admission essay is an essay or other written statement by a candidate, often a potential student enrolling in a college, university, or graduate school. You can be rest assurred that through our service we will write the best admission essay for you.


Editing Support

Our academic writers and editors make the necessary changes to your paper so that it is polished. We also format your document by correctly quoting the sources and creating reference lists in the formats APA, Harvard, MLA, Chicago / Turabian.


Revision Support

If you think your paper could be improved, you can request a review. In this case, your paper will be checked by the writer or assigned to an editor. You can use this option as many times as you see fit. This is free because we want you to be completely satisfied with the service offered.