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Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 18,073 $ 16,836 Depreciation 1,791 1,866
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): |
2017 | 2018 | |||||
Sales | $ | 18,073 | $ | 16,836 | ||
Depreciation | 1,791 | 1,866 | ||||
Cost of goods sold | 4,629 | 4,837 | ||||
Other expenses | 1,011 | 889 | ||||
Interest | 860 | 991 | ||||
Cash | 6,262 | 6,856 | ||||
Accounts receivable | 8,170 | 9,817 | ||||
Short-term notes payable | 1,300 | 1,277 | ||||
Long-term debt | 20,710 | 24,961 | ||||
Net fixed assets | 51,174 | 54,663 | ||||
Accounts payable | 4,592 | 5,034 | ||||
Inventory | 14,504 | 15,418 | ||||
Dividends | 1,600 | 1,748 | ||||
Prepare a balance sheet for this company for 2017 and 2018. (Do not round intermediate calculations.)
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