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6. Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent): Sales Depreciation Cost of goods sold Other expenses Interest

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6. Use the following information for Taco Swell, Inc., (assume the tax rate is 34 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 2018 2019 $12,730 $ 14,229 1,827 1,910 4,377 5,178 1,041 906 854 1,019 6,674 7,113 8,837 10,371 1,288 1,262 22,352 27,099 55,977 59,700 4,822 5,108 15,711 16,817 1,522 1,780 Construct an income statement and balance sheet for this company for 2018 and 2019. 7. Using the same information as in Problem 7, for 2019, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders for Taco Swell, Inc. Part 2: Working with Financial Statements 8. Modernative Comp. has a debt-equity ratio of 0.65, its return on assets is 8.2 percent, and total equity is $515,000. What is Modernative's equity multiplier? Return on equity? Net income

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