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Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): 2017 2018 Sales $ 13,573 $ 14,136 Depreciation 1,701 1,776
Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent): 2017 2018 Sales $ 13,573 $ 14,136 Depreciation 1,701 1,776 Cost of goods sold 4.179 4,747 Other expenses 966 844 Interest 815 946 Cash 6.127 6,586 Accounts receivable 8,080 9,547 Short-term notes 1,210 1,187 payable Long-term debt 20,440 24,736 Net fixed assets 50,976 54,393 Accounts payable 4,448 4.764 Inventory 14,351 15,328 Dividends 1,150 1,658 es 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 $ 85,854 Total assets Liabilities & Equity 9 Current assets $ 85,854 Total assets Liabilities & Equity . ok Current liabilities $ 5,951 nt Total liabilities & owners' equity ences 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
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