Excel Project – (Accounting)
Excel Project Instructions Assume ABC Company has asked you to not only prepare their 2017 year-end Balance Sheet but to also provide pro-forma financial statements for 2018. In addition, they have asked you to evaluate their company based on the pro-forma statements with regard to ratios. They also want you to evaluate 3 projects they are considering.
Required Action:
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- Prepare the year-end balance sheet for 2017. Be sure to use proper headings.
- Prepare budgets such that the pro-forma financial statements for the first quarter of 2018 may be prepared.
- Sales budget, including budgeted sales for April.
- Purchases budget, the budgeted cost of goods sold for each month and quarter, and the cost of the March 31 budgeted inventory.
- Selling expense budget.
- General and administrative expense budget.
- Expected cash receipts from customers and the expected March 31 balance of accounts receivable.
- Expected cash payments for purchases and the expected March 31 balance of accounts payable.
- Cash budget.
- Budgeted income statement.
- Budgeted statement of retained earnings.
- Budgeted balance sheet.
Part B:
- Calculate using Excel formulas, the NPV of each of the 3 projects.
- It is possible that ABC Company may not be able to complete all 3 projects. Therefore, advise ABC Company as to the order in which they should pursue the projects (i.e., which project should ABC Company attempt to do first, second, and last).
- Provide justification and analysis as to why you chose the order you did. The analysis must also be done in Excel, not in a separate document.
This assignment must be submitted as 1 Excel document.