Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes 2020 $ 22,549 2,496 6,290 1,427 1,170 8,736 11,608 2021 $19,128 2,604 6,851 1,238 1,385 9,607 13,842 1,794 1,761 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,420 73,045 6,341 20,628 2,579 35,529 77,970 7,000 21,982 2,434 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.) Cash flow from assets Cash flow to creditors Cash flow to stockholders
Use the following information for Taco Swell, Incorporated, (assume the tax rate is 24 percent): Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes 2020 $ 22,549 2,496 6,290 1,427 1,170 8,736 11,608 2021 $19,128 2,604 6,851 1,238 1,385 9,607 13,842 1,794 1,761 payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 29,420 73,045 6,341 20,628 2,579 35,529 77,970 7,000 21,982 2,434 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.) Cash flow from assets Cash flow to creditors Cash flow to stockholders
Chapter1: Financial Statements And Business Decisions
Section: Chapter Questions
Problem 1Q
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Transcribed Image Text:Use the following information for Taco Swell, Incorporated, (assume the tax
rate is 24 percent):
2020
$22,549
2,496
6,290
1,427
1,170
8,736
11,608
2021
$ 19,128
2,604
6,851
1,238
1,385
9,607
13,842
Sales
Depreciation
Cost of goods sold
Other expenses
Interest
Cash
Accounts receivable
Short-term notes
1,794
1,761
payable
Long-term debt
Net fixed assets
Accounts payable
Inventory
Dividends
29,420
73,045
6,341
20,628
2,579
35,529
77,970
7,000
21,982
2,434
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.)
Cash flow from assets
Cash flow to creditors
Cash flow to
stockholders
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