BA 211 Financial AccountingComprehensive Group Project – Phase II
Step 1: Using the excel worksheet provided in Canvas use the information on the TB, create the current year 2015 financial statements.
Note: some information in the 2015 financial statements has been provided to you as assistance. Some spaces have been strategically left blank as a clue that amounts and headings need to be populated in the cells.
You may use the formulas provided in the worksheet
Step 2: Calculate and report (use excel worksheet provided) the following ratios:
Answer the questions at the top of the worksheet and
Provide the formula, explanation and worked out answer (with details):
Times interest earned ratio
Gross profit percentage
Inventory turnover ratio
Return on assets
i) Earnings per share
Please upload excel worksheet to Canvas. Only one student in the group needs to upload the file to Canvas.
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