Answer:
TACO SWELL, INC | ||
Income statement | ||
2018 | 2019 | |
Sales | 18073 | 16836 |
COGS | 4629 | 4837 |
other expenses | 1011 | 889 |
Depreciation | 1791 | 1866 |
EBIT | 10642 | 9244 |
Interest | 860 | 991 |
EBT | 9782 | 8253 |
Taxes | 2054 | 1733 |
Net Income | 7728 | 6520 |
Dividends | 1600 | 1748 |
Additions to RE | 6128 | 4772 |
INGERSOLL, INC | ||
Balance sheet as of Dec 31 | ||
Assets | 2018 | 2019 |
Cash | 6262 | 6856 |
Accounts receivable | 8170 | 9817 |
Inventory | 14504 | 15418 |
Current assets | 28936 | 32091 |
Net Fixed assets | 51174 | 54663 |
Total assets | 80110 | 86754 |
Accounts payable | 4592 | 5034 |
Short term notes payable | 1300 | 1277 |
Current liabilities | 5892 | 6311 |
Long term debt | 20710 | 24961 |
Owners equity | 53508 | 55482 |
Total liabilities and shareholders equity | 80110 | 86754 |
Use the following information for Ingersoll, Inc. Assume the tax rate is 21 percent. Sales Depreciation...
Use the following information for Ingersoll, Inc. 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 2018 2019 $18,073 $ 16,836 1,791 1,866 4,629 4,837 1,011 889 860 991 6,262 6,856 8,170 9,817 1,300 1,277 20,710 24,961 51,174 54,663 4,592 5,034 14,504 15,418 1,600 1,748 Prepare a balance sheet for this company for 2018 and 2019. (Do not...
Use the following information for Taco Swell, Inc, (assume the tax rate is 21 percent evi 2017 ."2018-tel Sales Depreciation Cost of goods sold Other expenses Interest $18,073 $16,836 1,791 1,866 4,837 ,011 889 991 6,2626,856 4,629 860 Cash Accounts receivable 8,170 9,817 Short-term notes 1,300 1,277 payable Long-term debt Net fxed assets Accounts payable4,592 5,034 Inventory Dividend:s 20,710 24,961 51174 54,663 14,504 15,418 1,6001,748 Prepare an income statement for this company for 2017 and 2018. (Do not round intermediate...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 percent. 2018 Sales $ 15,573 Depreciation 1,741 Cost of goods sold 4,379 Other expenses 986 Interest 835 Cash 6,187 Accounts receivable 8,120 Short-term notes 1,250 payable Long-term debt 20,560 Net fixed assets 51,064 Accounts payable 4,512 Inventory 14,419 Dividends 1,350 2019 $ 15,336 1,816 4,787 864 966 6,706 9,667 1,227 24,836 54,513 4,884 15,368 1,698 Prepare a balance sheet for this company for 2018 and 2019. (Do...
Use the following information for Ingersoll, Inc. Assume the tax rate is 24 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 2018 2019 $ 18,549 $ 18,888 2,416 2,524 5,890 6,771 1,371 1,198 1.130 1.345 8,696 9,367 11,528 13,602 1,714 1,681 29,180 35,329 72.861 77.730 6,293 6,760 20,492 21,902 2,1792,354 For 2019, calculate the cash flow from assets, cash flow to creditors, and...
Problem 2-22 Financial Statements Use the following information for Ingersoll, Inc., (assume the tax rate is 35 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 2014 8,235 $ 1,165 2,736 679 565 4,149 5,479 834 13,900 34,855 4,396 9,710 996 2015 8,809 1,166 3,100 574 643 5,243 6,167 786 16,450 35,757 4,225 9,978 1,091 Prepare an income statement for this company for...
Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent): 2017 $ 16,073 1,751 4,429 991 840 6,202 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 2018 $ 15,636 1.826 4,797 869 971 6,736 9,697 1,237 24,861 54,543 4,914 15,378 1,708 1,260 20,590 51,086 4,528 14,436 1,400 Prepare a balance sheet for this company for 2017 and 2018. (Do...
Use the following information for Taco Swe Inc., (assume the tax rate is 21 percent) 2017 2018 16,073 $15,636 1,826 Sales Depreciation Cost of goods sold 4,429 4,797 Other expenses Interest Cash Accounts receivable 8,1309,697 Short-term notes 1,751 991 840 6,202 869 971 6,736 1,260 1,237 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 20,590 24,861 51,086 54,543 4,914 14,436 15,378 1,708 4,528 1,400 Prepare a balance sheet for this company for 2017 and 2018. (Do not round...
Use the following information for Ingersoll, Inc. Assume the tax rate is 22 percent. 2018 2019 Sales $ 20,573 $ 18,336 Depreciation 1,841 1,916 Cost of goods sold 4,879 4,887 Other expenses 1,036 914 Interest 885 1,016 Cash 6,337 7,006 Accounts receivable 8,220 9,967 Short-term notes payable 1,350 1,327 Long-term debt 20,860 25,086 Net fixed assets 51,284 54,813 Accounts payable 4,672 5,184 Inventory 14,589 15,468 Dividends 1,850 1,798 Prepare a balance sheet for this company for 2018 and...
Use the following information for Taco Swell, Inc., (assume the tax rate is 24 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 2017 2018 $ 19,573 $ 17,736 1,821 1,896 4,779 4,867 1,026 904 875 1,006 6,307 6,946 8,200 9,907 1,330 1,307 20,800 25,036 51,240 54,753 4,640 5,124 14,555 15,448 1,750 1,778 Prepare a balance sheet for this company for 2017 and 2018....
Use the following information for Ingersoll, Inc., (assume the tax rate is 35 percent) 2014 2015 Sales Depreciation Cost of goods sold Other expenses Interest Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends $ 8,235 $ 8,809 1,166 3,100 574 643 5,243 6,167 786 13,90016,450 34,855 35,757 4,225 9,978 1,091 1,165 2,736 679 565 4,149 5,479 834 4,396 9,710 996 For 2015, calculate the cash flow from assets, cash flow to creditors, and cash...