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I am providing a lesson that will help you learn how to solve FIN 370 Week 1 Carver Enterprises using my custom excel calculator. I have been working with Excel for years and can use it to solve virtually any financial problem.
Overview of Problem:
(Preparing common-size financial statements) The balance sheet and income statement for Carver Enterprises, Inc. are found here:
(Analyzing common-size financial statements) Use the common size financial statements found here to respond to your boss' request that you write up your assessment of the the firm's financial condition. Specifically, write up a brief narrative that responds to the following questions: How much cash does Carver have on hand relative to its total assets?
a. What proportion of Carver's assets has the firm financed using short-term debt? Long-term debt?
b. What percent of Carver's revenues does the firm have left over after paying all of its expenses (including taxes)?
Carver Answer Excel Calculator
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- I've been working with Microsoft Excel since the early 1990's. My primary skill-set involves programming advanced excel macros for use in finance, data analysis, and education.