Chapter 2

Problems 14, 17, 23

Input boxes in tan

Output boxes in yellow
Given data in blue
Calculations in red
Answers in green

NOTE: Some functions used in these spreadsheets may require that

the "Analysis ToolPak" or "Solver Add-in" be installed in Excel.
To install these:
1) Click the Microsoft Office Button, and then click Excel Options
2) Click Add-Ins, and then in the Manage box, select Add-ins.
3) Click Go.
4) In the Add-Ins available box, select the Solver Add-in and Analysis ToolPak chec
5) After you load the Solver Add-in, the Solver command is available in the Analysi
ets may require that
talled in Excel.

ck Excel Options
ect Add-ins.

Add-in and Analysis ToolPak check boxes, and then click OK.
mmand is available in the Analysis group on the Data tab.
Chapter 2
Questions 14

Input area:

Sales
Cost of goods sold
Selling expenses
Notes payable
Interest rate
Depreciation expense
Tax rate

Output area:

Income Statement
Sales $ -
Cost of goods sold -
Selling expenses -
Depreciation expense -
EBIT $ -
Interest expense -
EBT $ -
Taxes (0%) -
Net income $ -

EBIT $ -
Depreciation -
Taxes -
Operating cash flow $ -
Chapter 2
Question 17

Input area:

Cash
Intangible net fixed assets
Accounts payable
Accounts receivable
Tangible net fixed assets
Inventory
Notes payable
Accumulated retained earnings
Long-term debt

Output area:

Balance sheet as of Dec. 31, 2014

Cash $ -
Accounts receivable -
Inventory -
Current assets $ -

Tangible net fixed assets $ -

Intangible net fixed assets 0
Total assets $ -
e sheet as of Dec. 31, 2014
Accounts payable $ -
Notes payable -
Current liabilities $ -
Long-term debt -
Total liabilities $ -

Common stock $ -
Accumulated retained earnings -
Total liability & owners' equity $ -
 Chapter 2
Questions 23

Input area:

Sales
Cost of goods sold
Depreciation expense
Interest expense

2013 Current assets

2013 Net fixed assets
2013 Current liabilities
2013 Long-term debt

2014 Current assets

2014 Net fixed assets
2014 Current liabilities
2014 Long-term debt

2014 New fixed assets purchased

Tax rate
2014 New long-term debt

Output area:

Income Statement
Sales $ -
Costs -
Depreciation expense -
EBIT $ -
Interest expense -
EBT $ -
Taxes 0
Net income $ -

a. 2013 Total assets $ - 2014 Total assets

 2013 Total liabilities 0 2014 Total liabilities
2013 Owners' equity $ - 2014 Owners' equity

b. 2013 Net working capital $ -

2014 Net working capital -
Change in net working capital $ -
c. Net capital spending $ -
Fixed assets sold $ -

Operating cash flow $ -

Cash flow from assets $ -

d. Debt retired $ -

Net new borrowing $ -

Cash flow to creditors $ -
$ -
 -
$ -