Problem 2-22 Calculating Cash Flow [LO4]Use the following information for Taco Swell, Inc., (assume the tax rate is 23 percent):2018$18,978SalesDepreciationCost of goods soldOther expensesInterestCashAccounts receivableShort-term notespayableLong-term debtNet fixed assetsAccounts payableInventoryDividends2017$20,049Cash flow from assetsCash flow to creditorsCash flow to stockholders2,4466,0402,5546,8011,3921,2131,1451,3608,7119,45711,55813,6921,7441,71129,270 35,40472,93077,8206,3116,85020,5432,32921,9322,384For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow tostockholders. (A negative answer should be indicated by a minus sign. Do not roundintermediate calculations and round your answers to 2 decimal places, e.g., 32.16.)

Cash flow from assets is the amount which is received by the company from its assets.Cash flow from…

Problem 2-22 Calculating Cash Flow [LO4] Use the following information for Taco Swell, Inc., (assume the tax rate is 23 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 2017 $20,049 $18,978 2,446 2,554 6,040 6,801 1,392 1,213 1,145 1,360 8,711 9,457 11,558 13,692 1,744 1,711 29,270 35,404 72,930 77,820 6,311 6,850 20,543 21,932 2,329 2,384 For 2018, 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.) Cash flow from assets Cash flow to creditors Cash flow to stockholders

Problem 2-22 Calculating Cash Flow [LO4] Use the following information for Taco Swell, Inc., (assume the tax rate is 23 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 2017 $20,049 $18,978 2,446 2,554 6,040 6,801 1,392 1,213 1,145 1,360 8,711 9,457 11,558 13,692 1,744 1,711 29,270 35,404 72,930 77,820 6,311 6,850 20,543 21,932 2,329 2,384 For 2018, 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.) Cash flow from assets Cash flow to creditors Cash flow to stockholders

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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