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Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
Edition 4ISBN: 978-1111581565 Exercise 3
CHART ANALYSIS
Reset cell B8 to $9,000. Click the Chart sheet tab. A pie chart appears on the screen indicating the percentage of each asset in relation to total assets. Wilson does not want his cash balance to exceed 50% of his total assets. How much does he have to withdraw at month-end to reduce his cash percentage to 50% To find out, enter different (negative) values in cell B19 of the worksheet and click the Chart sheet tab after each entry. When you find the withdrawal amount that decreases the cash percentage to 50%, enter that amount in the space provided below.
Withdrawal needed $ _______________
When the assignment is complete, close the file without saving it again.
Reset cell B8 to $9,000. Click the Chart sheet tab. A pie chart appears on the screen indicating the percentage of each asset in relation to total assets. Wilson does not want his cash balance to exceed 50% of his total assets. How much does he have to withdraw at month-end to reduce his cash percentage to 50% To find out, enter different (negative) values in cell B19 of the worksheet and click the Chart sheet tab after each entry. When you find the withdrawal amount that decreases the cash percentage to 50%, enter that amount in the space provided below.
Withdrawal needed $ _______________
When the assignment is complete, close the file without saving it again.
Explanation
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The business owner does not want his to
Excel Applications for Accounting Principles 4th Edition by Gaylord Smith
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