Computer Applications Excel 1 Objectives: This assignment will introduce the student to Excel. The student will use come of the basic features of Excel. The skills used are: Save a workbook with a new name Switch to a new worksheet Enter text in cells Create a line break in a cell Enter numbers in cells Enter formulas Fill adjacent cells with formulas Create formulas using the SUM function Check spelling Edit text in cells Modify column width Modify row height Insert rows Rename a worksheet Delete a worksheet Steps: 1. Download Excel 1 from the class Web site. 2. Switch to the Sheet1 worksheet, then enter the following text on two lines within cell A1: Altac Bicycles Income Statement* 3. In cell A2, enter For the Years Ended December 31, 2011 through December 31, 2013. 4. In the range C6:E7, enter the following net sales and cost of sales figures: Net Sales Cost of Sales 2013 13,520 2012 10,981 2011 9,034 4,140 3,960 3,011 5. In the range C11:E14, enter the following expense figures: 2013 2012 2011 Salaries and Wages 1,632 1,481 1,392 Sales and Marketing 2,631 2,112 1,840 Administrative 521 410 375 Research and Development 501 404 281 6. In the nonadjacent range C18:E18; C20:E20; C24:E24, enter the following values for Other Income, Income Taxes, and Shares: 2013 2012 2011 Other Income 341 302 239 Income Taxes 1,225 1,008 821 Shares 3,621 3,001 2,844 7. In the range C8:E8, enter a formula to calculate the gross margin for each year, where the gross margin is equal to the net sales minus the cost of sales. 8. In the range C15:E15, enter the SUM function to calculate the total operating expenses for each year, where the total operating expenses is the sum of the four expense categories. 9. In the range C17:E17, enter a formula to calculate the operating income for each year, where operating income is equal to the gross margin minus the total operating expenses. 10. In the range C19:E19, enter a formula to calculate the pretax income for each year, where pretax income is equal to the operating income plus other income. 11. In the range C22:E22, enter a formula to calculate the company’s net income for each year, where net income is equal to the pretax income minus income taxes. 12. In the range C25:E25, enter a formula to calculate the earnings per share for each year, where earnings per share is equal to the net income divided by the number of shares. 13. Use the spelling checker to correct and replace any spelling errors in the worksheet. Ignore the spelling of “Altac.” 14. In cells A18 and A22, capitalize the first letter in the word “income”. 15. Increase the width of column B to 24.00, and increase the height of row 1 to 28.50. 16. Insert three new rows between rows 24 and 25. 17. Rename Sheet1 as Income Statement and then delete the Sheet2 worksheet. 18. Save as Excel 1 done.xlsx in your Mod folder. Let me know when you are done so I can grade it. Your completed worksheet should look like this: Total Possible Points: 36 points Item Cell A1 correct Cell A2 correct Cells C6:E7 correct Cells C11:E14 correct Cells C18:E18; C20:E20; C24:E24 correct Cells C8:E8 correct formula Cells C15:E15 correct with SUM Cells C17:E17 correct Cells C19:E19 correct Cells C22:E22 correct Cells C25:E25 correct No spelling errors A18 & A22 correct Column B correct Row 1 correct 3 rows inserted above row 25 Sheet 1 renamed Sheet 2 gone File named & saved correctly Total Possible Points 2 pts 1 pt 2 pts 2 pts 2 pts 3 pts 3 pts 3 pts 3 pts 3 pts 3 pts 2 pts 1 pt 1 pt 1 pt 1 pt 1 pt 1 pt 1 pt Your Points