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0 1: Use the following information for Taco Swell. Inc., for section (a), (b) and (c). Assume the tax rate is 34%. Taco Swell. Inc.
0 1: Use the following information for Taco Swell. Inc., for section (a), (b) and (c). Assume the tax rate is 34%. Taco Swell. Inc. 2006 2007 Sales $4.018 $ 4,312 Depreciation 577 578 Cost of Good Sold 1.382 1.569 Selling and Administrative Expenses 328 274 Interest 269 309 Cash 2.107 2.155 Accounts receivables 2.789 3.142 S-T Notes Payable 407 382 Long-term debt 7,056 8.232 Dividends 490 539 Net fixed assets 17,669 18.091 Accounts Payable 2.213 2,146 Inventory 4.959 5.096 (a) Draw up an income statement and balance sheet for this company for 2006 and 2007. (4 Points)
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