1.

Open a new workbook

2. Type the following data. See Figure 1
Year-End Income Statements for Company A
1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08 Average
Sales
300000
400000
234000
650322
678909
453456
700909
456547
999878
999609
Less: Discounts
3432
3214
3456
22222
65454
23416
70007
85456
37657
65004
Net Sales
Less: Cost of Goods Sold
120000
101000
45000
300000
200000
100050
300000
90000
100000
200000
Gross Profit
Less: Administrative Expenses
56000
54000
53000
34000
47000
56456
19760
45389
45000
78000
Miscellaneous Expenses
2000
2300
2100
2000
4500
6700
4500
5670
9000
9750
Other Expenses
1233
1456
1234
2345
1000
3500
3490
3800
4050
5000
Net Profit Before Tax
Less: Income Tax(35%)
Net Profit after Tax
Figure 1: Given Sheet
3. Compute for the net sales from year 1998-2008. (sales minus discount)
4. Get the average
5. Compute the gross profit (net sales minus cost of good sold)
6. Compute the net profit before tax (gross profit minus the sum of adminitrative, miscellaneous and other expenses)
7. less 35% income tax
8. compute profit after tax(net profit before tax minus income tax
9. set the font size into century gothic, 11, regular
10. save workbook as Activity 2C

Sales
Less: Discounts
Net Sales
Less: Cost of Goods Sold
Gross Profit
Less: Administrative Expenses
Miscellaneous Expenses
Other Expenses
Net Profit Before Tax
Less: Income Tax(35%)
Net Profit after Tax
Figure 2: Required Sheet

Year-End Income Statements for Company A

1998-99 1999-00 2000-01 2001-02 2002-03 2003-04 2004-05 2005-06 2006-07 2007-08
300000
400000
234000
650322
678909
453456
700909
456547
999878
999609
3432
3214
3456
22222
65454
23416
70007
85456
37657
65004
296568
396786
230544
628100
613455
430040
630902
371091
962221
934605
120000
101000
45000
300000
200000
100050
300000
90000
100000
200000
176568
295786
185544
328100
413455
329990
330902
281091
862221
734605
56000
54000
53000
34000
47000
56456
19760
45389
45000
78000
2000
2300
2100
2000
4500
6700
4500
5670
9000
9750
1233
1456
1234
2345
1000
3500
3490
3800
4050
5000
117335
238030
129210
289755
360955
263334
303152
226232
804171
641855
41067.25 83310.5 45223.5 101414.3 126334.3 92166.9 106103.2 79181.2 281459.9 224649.3
76267.75 154719.5 83986.5 188340.8 234620.8 171167.1 197048.8 147050.8 522711.2 417205.8

Average
587363
37931.8
549431.2
155605
393826.2
48860.5
4852
2710.8
337402.9
118091
219311.9