NEW PERSPECTIVES EXCEL 2010

TUTORIAL 1: CASE PROBLEM 1

ALTAC BICYCLES
SKILLS
 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
 Reorder worksheets
 Delete a worksheet

PROJECT OVERVIEW
Deborah York is a financial consultant for Altac Bicycles, an online seller of bicycles and bicycle
equipment based in Silver City, New Mexico. She has entered some financial information in an
Excel workbook for an income statement she is preparing for the company. She asks you to enter
the remaining data and formulas.

STUDENT START FILE

NP_Excel2010_T1_CP1a_FirstLastName_1.xlsx (Note: Download your personalized start file
from www.cengage.com/sam2010)
Instructions
1. Open the file NP_Excel2010_T1_CP1a_FirstLastName_1.xlsx and save the file as
NP_Excel2010_T1_CP1a_FirstLastName_2.xlsx before you move to the next step. Verify
that your name appears in cell B4 of the Documentation sheet. (Note: Do not edit the
Documentation sheet. If your name does not appear in cell B4, please download a new copy
of the start file from the SAM 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:
2013 2012 2011
Net Sales 13,520 10,981 9,034
Cost of Sales 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.

2 SAM PROJECTS 2010 – CENGAGE LEARNING

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 move it to the beginning of the workbook; and
then delete the Sheet2 worksheet.

Your Income Statement worksheet should look like the Final Figure below. Save your changes,
close the workbook and exit Excel. Follow the directions on the SAM Web site to submit your
completed project.

FINAL FIGURE

SAM PROJECTS 2010 – CENGAGE LEARNING 3