Essentials Of Investments
11th Edition
ISBN:9781260013924
Author:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Publisher:Bodie, Zvi, Kane, Alex, MARCUS, Alan J.
Chapter1: Investments: Background And Issues
Section: Chapter Questions
Problem 1PS
Related questions
Question

Transcribed Image Text:Use the following information for Taco Swell, Incorporated, (assume the tax rate is 22
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
$ 23,549
2,516
6,390
1,441
1,180
8,746
11,628
1,814
29,480
73,091
6,353
20,662
2,679
Cash flow from assets
Cash flow to creditors
Cash flow to stockholders
2021
$ 19,188
2,624
6,871
1,248
1,395
9,667
13,902
1,781
35,579
78,030
7,060
22,002
2,454
For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to
stockholders. (A negative answer should be indicated by a minus sign. Do not round
intermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)
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