Fill the table above by using the random number function in the excel environment and...
50.1K
Verified Solution
Link Copied!
Question
Accounting
Fill the table above by using the random number function in the excel environment and solve the following questions
Find the maximum value, minimum value, and average value for each column.
If the unit sales price is less than the unit cost in randomly generated numbers, write the function that makes this value equal to the unit cost.
Which items have markups less than 25 percent?
Which item has the lowest sales?
What were Mr. Milligans biggest selling items last year? Identify the top five.
What are the companys total annual sales?
What is the companys annual gross profit?
What is the gross margin per unit for each inventory item? Which inventory item(s) has/have the largest gross margin per unit? Least?
The inventory is requested to be reduced by x $. (Randomly select the x value.) Which items would you recommend that he remove from his inventory? Why?
Assuming the employer requests a report from you, create table borders from the data, type the headings in bold font, and color the cells. (It will be in the same workbook, in a different sheet. Update the sheet's name to "Report".) (The "format cells" command must be used.)