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 $ 23,049 2,506 6,340 1,434 1,175 8,741 11,618 1,804 Cash flow from assets Cash flow to creditors Cash flow to stockholders 29,450 73,068 6,347 20,645 2,629 2021 $19,158 2,614 6,861 1,243 1,390 9,637 13,872 1,771 35,554 78,000 7,030 21,992 2,444 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.)
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 $ 23,049 2,506 6,340 1,434 1,175 8,741 11,618 1,804 Cash flow from assets Cash flow to creditors Cash flow to stockholders 29,450 73,068 6,347 20,645 2,629 2021 $19,158 2,614 6,861 1,243 1,390 9,637 13,872 1,771 35,554 78,000 7,030 21,992 2,444 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.)
Managerial Accounting: The Cornerstone of Business Decision-Making
7th Edition
ISBN:9781337115773
Author:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Publisher:Maryanne M. Mowen, Don R. Hansen, Dan L. Heitger
Chapter15: Financial Statement Analysis
Section: Chapter Questions
Problem 32BEB
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