Data analytics is the process of examining data sets in order to draw conclusions about the information they contain. If you havent completed any of the prior data analytics cases, follow the instructions listed in the Chapter 1 Data Analytics case to get set up. You will need to watch the videos referred to in the Chapters 1 - 3 Data Analytics cases. No additional videos are required for this case. All short training videos can be found here. In the Data Analytics Cases in the previous chapter, you used Tableau to examine a data set and create charts to examine two (hypothetical) publicly traded companies: GPS Corporation and Tru, Inc. as to their pattern of leasing facilities, their transition to the new lease accounting standard in 2019, and the effect of that transition on debt covenants. In this case, you examine the effect of the Tax Cuts and Jobs Act of 2017 on these companies operations and financial position. Tableau Instructions: Download the "GPS_Tru_Financials.xlsx" Excel file available in Connect or under Student Resources within the Library tab. Save it to the computer on which you will be using Tableau. For this case, you will create calculations to produce the effective tax rate to allow you to compare and contrast the effect of the 2017 Tax Act on the two companies. After you view the training videos, follow these steps to create the charts youll use for this case:

Open Tableau and connect to the Excel spreadsheet you downloaded.

Click on the Sheet 1 tab, at the bottom of the canvas, to the right of the Data Source at the bottom of the screen. Drag Company and Year under "Dimensions" to the Columns shelf. Change Year to discrete by right-clicking and selecting Discrete.

Drag Provision for income tax and Deferred income taxes under "Measures" into the Rows shelf.

Add labels to the bars by clicking on "Label" under the "Marks" card and clicking the box "Show mark labels." Format the labels to Times New Roman, bold, black and 10-point font. Edit the color of the years on the "Marks card" if desired by dragging "Year" on to the Color Marks card.

Change the title of the sheet to be "Provision for Income Taxes and Deferred Tax Liability Trend 20122021" by right-clicking and selecting "Edit title." Format the title to Times New Roman, bold, black and 15-point font. Change the title of "Sheet 1" to match the sheet title by right-clicking, selecting "Rename," and typing in the new title.

Click on the New Worksheet tab on the lower left (Sheet 2 should open) and follow the procedure outlined in Instruction #2 for the company and year. Drag "Provision for income taxes" and "Income from continuing operations" under "Measures" into the Rows shelf. Change each to discrete by right-clicking and selecting "Discrete."

Create a calculated field by clicking the "Analysis" tab at the top of the screen and selecting "Create Calculated Field." Name the calculation "Effective Tax Rate." In the Calculation Editor window, drag "Provision for income taxes" and type a division sign. Then type "(", drag "Income from continuing operations," type an addition sign, drag "Provision for income taxes," and type ")" from the Rows shelf. Make sure the window says that the calculation is valid and click OK.

Drag the newly created "Effective Tax Rate" to the Rows shelf. Click on the "Show Me" and select "side-by-side bars." Add labels to the bars by clicking on "Label" under the "Marks" card and clicking the box "Show mark labels." Format the labels to Times New Roman, bold, black and 10-point font. Edit the color on the "Marks" card if desired.

Change the title of the sheet to be "Effect of the Tax Cuts and Jobs Act of 2017" by right-clicking and selecting "Edit title." Format the title to Times New Roman, bold, black and 15-point font. Change the title of "Sheet 2" to match the sheet title by right-clicking, selecting "Rename" and typing in the new title.

Format all other labels to be Times New Roman, bold, black and 12-point font.

Once complete, save the file as "DA16_Your initials.twbx."

Required: Based upon what you find, answer the following questions: A. Is Tru, Inc.s provision for income tax (a) higher, (b) lower, or (c) roughly the same over the period 2018-2021 than in previous years? B. Did Tru, Inc.s deferred tax liability appear to benefit from the Tax Act? C. What is the effective tax rate for GPS in 2017 (calculated as the provision for income tax divided by income from continuing operations plus provision for income tax)? D. What is the effective tax rate for GPS in 2018 (calculated as the provision for income tax divided by income from continuing operations plus provision for income tax)?