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Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): 2017 2018 Sales $ 18,573 $ 17,136 Depreciation 1,801 1,876
Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent): |
2017 | 2018 | |||||
Sales | $ | 18,573 | $ | 17,136 | ||
Depreciation | 1,801 | 1,876 | ||||
Cost of goods sold | 4,679 | 4,847 | ||||
Other expenses | 1,016 | 894 | ||||
Interest | 865 | 996 | ||||
Cash | 6,277 | 6,886 | ||||
Accounts receivable | 8,180 | 9,847 | ||||
Short-term notes payable | 1,310 | 1,287 | ||||
Long-term debt | 20,740 | 24,986 | ||||
Net fixed assets | 51,196 | 54,693 | ||||
Accounts payable | 4,608 | 5,064 | ||||
Inventory | 14,521 | 15,428 | ||||
Dividends | 1,650 | 1,758 | ||||
Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) |
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.) |
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