Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): Sales...
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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): 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 2020 2021 $14,073 $14,436 1,711 4,229 971 820 6,142 8,090 1,220 20,470 24,761 50,998 54,423 4,464 4,794 14,368 15,338 1,200 1,668 1,786 4,757 849 951 6,616 9,577 1,197 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.) 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.) Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE TACO SWELL, INCORPORATED Income Statement 2020 2021 Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): 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 2020 2021 $14,073 $14,436 1,711 4,229 971 820 6,142 8,090 1,220 20,470 24,761 50,998 54,423 4,464 4,794 14,368 15,338 1,200 1,668 1,786 4,757 849 951 6,616 9,577 1,197 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.) 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.) Sales COGS Other expenses Depreciation EBIT Interest EBT Taxes Net income Dividends Additions to RE TACO SWELL, INCORPORATED Income Statement 2020 2021
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Related Book For
Fundamentals Of Corporate Finance
ISBN: 9780072553079
6th Edition
Authors: Stephen A. Ross, Randolph Westerfield, Bradford D. Jordan
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