Question
Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales $ 13,073 $ 13,836 Depreciation 1,691 1,766
Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales $ 13,073 $ 13,836 Depreciation 1,691 1,766 Cost of goods sold 4,129 4,737 Other expenses 961 839 Interest 810 941 Cash 6,112 6,556 Accounts receivable 8,070 9,517 Short-term notes payable 1,200 1,177 Long-term debt 20,410 24,711 Net fixed assets 50,954 55,660 Accounts payable 4,432 4,734 Inventory 14,334 15,318 Dividends 1,100 1,648 For 2015, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (Negative amounts 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 $
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started