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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2020 2021 Sales Depreciation $ 15,573 $ 15,336 1,741
Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): 2020 2021 Sales Depreciation $ 15,573 $ 15,336 1,741 1,816 Cost of goods sold 4,379 4,787 Other expenses 986 864 Interest 835 966 Cash 6,187 6,706 Accounts receivable 8,120 9,667 Short-term notes payable 1,250 1,227 Long-term debt 20,560 24,836 Net fixed assets 51,064 54,513 Accounts payable 4,512 4,884 Inventory 14,419 15,368 Dividends 1,350 1,698 Prepare a balance sheet for this company for 2020 and 2021. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) Current assets Assets TACO SWELL, INCORPORATED Balance Sheet as of December 31 Total assets Liabilities & Equity 2020 2021 $ 86,254 Current liabilities + $ 6,111 Prepare an income statement for this company for 2020 and 2021. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Input all answers as positive values.) TACO SWELL, INCORPORATED Income Statement 2020 2021 Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes: Net income Dividends Additions to RE +
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