Use Excel File that I provide and the formula sheet in the book to make the calculations. Be sure to use cell references. (50 pts)
Write one sentence (in the Excel File) next to each ratio you calculated in Question 1 describing what that number means in words. (50 pts)
- For example, if you calculate the average collection period as 40, you should write something like “on average, it takes 40 days for Freemont Corporation to collect its accounts receivable.”
