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Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash
Use the following information for Taco Swell, Inc., (assume the tax rate is 23 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 $ 19,073 $ 17,436 1,811 1,886 4,729 4,857 1,021 899 870 1,001 6,292 6,916 8,190 9,877 1,320 1,297 20,770 51,218 4,624 14,538 1,700 25,011 54,723 5,094 15,438 1,768 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.) TACO SWELL, INC. Balance Sheet as of Dec. 31 2017 2018 Assets Current assets Total assets $ 86,954 Liabilities & Equity Current liabilities $ 6,391 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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