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Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017...

Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 2018 Sales $ 16,549 $ 18,498 Depreciation 2,376 2,484 Cost of goods sold 5,690 6,731 Other expenses 1,353 1,178 Interest 1,110 1,325 Cash 8,676 9,247 Accounts receivable 11,488 13,482 Short-term notes payable 1,674 1,641 Long-term debt 29,060 35,229 Net fixed assets 72,770 77,610 Accounts payable 6,269 6,640 Inventory 20,424 21,862 Dividends 1,979 2,314 Prepare a balance sheet for this company for 2017 and 2018. (Be sure to list the accounts in order of their liquidity. Do not round intermediate calculations.) Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate calculations and round your answers to 2 decimal places, e.g., 32.16. Input all amounts as positive values.)

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jeff jeffy answered 1 year ago
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