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Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash
Use the following information for Taco Swell, Inc., (assume the tax rate is 24 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 2017 2018 $ 19,573 $ 17,736 1,821 1,896 4,779 4,867 1,026 904 875 1,006 6,307 6,946 8,200 9,907 1,330 1,307 20,800 25,036 51,240 54,753 4,640 5,124 14,555 15,448 1,750 1,778 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) X Answer is not complete. TACO SWELL, INC. Balance Sheet as of Dec. 31 2017 2018 Assets 9,907 > Current assets Accounts receivable Inventory Total assets Liabilities & Equity 8,200 14,555 X 15448 87,054 Current liabilities 6.431 Total liabilities & owners' equity Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations. Round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) Answer is not complete. TACO SWELL, INC. Income Statement 2017 2018 Sales COGS Other expenses Depreciation EBIT Interest 19,573.00 4,779.00 1,026.00 1,821.00 11,947.00 7,626.00 $ 4,321.00 X 1,296.00 $ 3,025.00 X 1,750.00 1,275.00 * EBT Taxes Net income Dividends Additions to RE
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