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Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent) 2017 2018 Sales Depreciation Cost of goods sold Other expenses
Use the following information for Taco Swell, Inc., (assume the tax rate is 22 percent) 2017 2018 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes $ 14,573 $14,736 1,796 4,767 854 956 6,157 6,646 8,100 9,607 1,721 4,279 976 825 1,230 1,207 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 20,500 24,786 51,020 54,453 4,824 14,385 15,348 1,678 4,480 1,250 Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.) TACO SWELL, INC Balance Sheet as of Dec. 31 2017 2018 Assets Current assets Total assets 86,054 Liabilities & Equity Current liabilities 6,031 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.) TACO SWELL, INC Income Statement 2017 2018 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE
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