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  3. a) use the following information for company x to

a) Use the following information for Company X to create the Balance Sheet and the...

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Finance

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a) Use the following information for Company X to create the Balance Sheet and the Income Statement for 2017, Tax rate is 30% for both 2016 and 2017. In 2016, depreciation was 2000 2016 2017 Sales for the year Accumulated Cost of Goods Sold for the year Other Expenses for the year ation as of Dec 31st 14,500 16,500 820 750 3,400 350 780 3,100 4,800 490 16,961 31,500 4,290 880 1700 Accounts Receivable as of Dec 31st Short-term Notes Payable as of Dec 31 Long-term Debt as of Dec 31s Total Fixed Assets as of Dec 31st Accounts Payable as of Dec 315 720 19,350 4,870 810 1,630 Dividends for the vear b) Company X has not issued or bought back new stock since 2000. Calculate total equity for 2015 c) How does the Sales and Total Assets change from 2016 to 17? Do you see this as a positive or a negative change vis--vis company's financial health

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