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Problem 2-25 Financial Statements [LO1] Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales Depreciation Cost
Problem 2-25 Financial Statements [LO1] Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 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 $16,073 $15,636 1,751 1,826 4,797 869 971 6,202 6,736 9,697 1,260 1,237 20,59024,861 51,086 54,543 4,528 4,914 14,436 15,378 1,708 4,429 991 840 8,130 1,400 Prepare a balance sheet of this company for 2014 and 2015. (Do not round intermediate calculations Be sure to list the accounts in order of their liquidity.) TACO SWELL, INC Balance Sheet as of Dec. 31 2014 2015 Assets Click to select) Click to select) Click to select) Current assets Click to select) Total assets Liabilities Click to select) (Click to select)
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