BUSINESS MATH_x000D_USING EXCEL

Name _______________________________x000D__x000D_Date ______________________________

A B C D E F
1 Chapter 14 - Practice 05
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3 GRANT WASHINGTON CONSULTANT
4 PARTIAL COMPARATIVE BALANCE SHEET
5 Year 2 and Year 1
6 Increase or Decrease
Amount Percent
7 Assets Year 2 Year 1
of Change of Change
8 Current Assets
9 Cash $69,000 $62,000
10 Notes receivable 32,000 25,000
11 Accounts receivable 99,000 100,200
12 Supplies 1,300 1,400
13 Total Current Assets
14 Fixed Assets
15 Professional equipment $38,000 $25,000
16 Building 58,000 54,000
17 Total Fixed Assets
18 Total Assets
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20 Directions:
21 1. Total Current Assets, Fixed Assets, and Total Assets for Year 1 and Year 2.
2. Format answers in Columns C and D for Currency. Set Decimal places to 0.
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Set Currency symbol to $.
3. Enter formulas in the Amount of Change column to subtract Year 1 from
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Year 2 for each item.
4. Format Column E for Currency. Set Decimal places to 0. Set Currency symbol
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to $. Set negative numbers to be shown in parentheses and in red.
5. Enter formulas in the Percent column to divide the Amount of Change by
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Year 1 (original year) for each item.
26 6. Format Column F for Percentage and 1 Decimal place.
27 7. Save the file as ch14pr05a.xlsx.
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