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 Cash flow from assets Cash flow to creditors Cash flow to stockholders 2020 $ 25,049 2,546 6,540 1,462 1,195 8,761 11,658 1,844 $ $ $ 29,570 73,160 6,371 20,713 2,829 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.) 2021 $19,278 2,654 6,901 1,263 1,410 9,757 13,992 1,811 35,654 78,120 7,150 22,032 2,484 -1,883.50 -4,647.00 2,790.50
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 Cash flow from assets Cash flow to creditors Cash flow to stockholders 2020 $ 25,049 2,546 6,540 1,462 1,195 8,761 11,658 1,844 $ $ $ 29,570 73,160 6,371 20,713 2,829 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.) 2021 $19,278 2,654 6,901 1,263 1,410 9,757 13,992 1,811 35,654 78,120 7,150 22,032 2,484 -1,883.50 -4,647.00 2,790.50
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Question
Give answer with explanation
Transcribed Image Text: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
Cash flow from assets
Cash flow to creditors
Cash flow to stockholders
$
2020
$ 25,049
2,546
6,540
1,462
1,195
8,761
11,658
1,844
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.)
$
29,570
73,160
6,371
20,713
2,829
2021
$19,278
2,654
6,901
1,263
1,410
9,757
13,992
1,811
35,654
78,120
7,150
22,032
2,484
-1,883.50
-4,647.00
2,790.50
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