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In the prior chapters' Applying Tableaus, you examined two (hypothetical) publicly traded companies, GPS Corporation and Tru, Incorporated, as to their pattern of leasing facilities,
In the prior chapters' Applying Tableaus, you examined two (hypothetical) publicly traded companies, GPS Corporation and Tru, Incorporated, as to their pattern of leasing facilities, their transition to the new lease accounting standard in 2019, and the effect of that transition on debt covenants. In this case, you examine the effect of the Tax Cuts and Jobs Act of 2017 on these companies' operations and financial position. Tableau Instructions: For this case, you will create calculations to determine the effective tax rate so you can compare and contrast the effect of the 2017 Tax Act on the two companies. Follow these steps to create the charts you'll use for this case: Download the Excel file "GPS_Tru_Financials." Open Tableau and connect to the Excel file. Click on the Sheet 1 tab, at the bottom of the canvas, to the right of the Data Source at the bottom of the screen. Drag "Company" and "Year" to the Columns shelf. Change "Year" to discrete by right-clicking and selecting "Discrete." Drag "Provision for income tax" and "Deferred income taxes" under Measure Names into the Rows shelf. Add labels to the bars by clicking on "Label" under the Marks card and clicking the box "Show
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