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Author Question: A construction company creates its financial statements in Excel. The net income of the company is ... (Read 168 times)

savannahhooper

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on: Jun 24, 2018
A construction company creates its financial statements in Excel. The net income of the company is stored in Cell B35 and the Owners Equity in C35. What formula will calculate return on investment?

Question 2

Name two formatting options available in Excel that are important to include when dealing with financial statements.


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cat123

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Reply #1 on: Jun 24, 2018
Answer to Question 1

#REF!

Answer to Question 2

Format money as currency, format negative values in red with parenthesis, format money to either 2 decimal places or whole dollars, or format decimals as percents in ratios and vertical/horizontal analysis.


savannahhooper

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Reply 2 on: Jun 24, 2018
YES! Correct, THANKS for helping me on my review

TheDev123

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Reply 3 on: Yesterday
Great answer, keep it coming :)

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