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Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent) 2010 2011 Sales Depreciation Cost of goods sold Other expenses
Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent) 2010 2011 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 $16,573 $15,936 1,836 4,807 874 976 6,2176,766 9,727 1,247 20.620 24.886 1,108 54,573 4,944 14.453 15.388 1,718 1,761 4,479 996 845 8,140 1,270 4,544 1,450 Prepare a balance sheet of this company for 2010 and 2011. (Be sure to list the accounts in order of their liquidity.) TACO SWELL, INC Balance Sheet as of Dec. 31 2010 2011 Assets (Click to select) (Click to select) (Click to select) Current assets (Click to select) Total assets Liabilities (Click to select) (Click to select) Current liabilities (Click to select) (Click to select) Total liabilities & owners' equity
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