For the table below how will I set my solver what numbers to fill in...
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Accounting
For the table below how will I set my solver what numbers to fill in figure D-24
SHIRT MANUFACTURING EXAMPLE
CHANGING CELLS
Number of T-shirts
1
Number of Button-down Shirts
1
CONSTANTS
Tax Rate
0.28
Selling Price: T-shirt
$8.00
Selling Price: Button-down Shirt
$36.00
Variable Cost to Make T-shirt
$2.50
Variable Cost to Make Button-down Shirt
$14.00
Cotton Usage (lbs): T-shirt
1.50
Cotton Usage (lbs): Button-down Shirt
2.50
Total Cotton Available (lbs)
13,000,000
Buttons per T-shirt
3.00
Buttons per Button-down Shirt
12.00
Total Buttons Available
110,000,000
CALCULATIONS
Ratio of Net Income to Total Revenue
0.45
Cotton Used: T-shirts
1.50
Cotton Used: Button-down Shirts
2.50
Cotton Used: Total
4.00
Buttons Used: T-shirts
3.00
Buttons Used: Button-down Shirts
12.00
Buttons Used: Total
15.00
Ratio of Button-down to T-shirts
1
INCOME STATEMENT
T-shirt Revenue
$8.00
Button-down Shirt Revenue
$36.00
Total Revenue
$44.00
Variable Costs: T-shirts
$2.50
Variable Costs: Button-down Shirts
$14.00
Total Costs
$16.50
Income Before Taxes
$27.50
Income Tax Expense
$7.70
Net Income After Taxes
$19.80
Expression Fill in the Excel Expression Net income to revenue Ratio of button-downs to T-shirts =_ Minimum button-downs Usage of buttons =_ Minimum button-downs Usage of buttons
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