Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent):      2017 2018     Sales $ 15,573   $ 15,336     Depreciation   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

Essentials Of Investments
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ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
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Chapter1: Investments: Background And Issues
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Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent):

  

  2017 2018  
  Sales $ 15,573   $ 15,336  
  Depreciation   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 2017 and 2018. (Do not round intermediate calculations.)

 

 


 

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.)


 
 
 
 
 
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