Answered step by step
Verified Expert Solution
Link Copied!

Question

00
1 Approved Answer

Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent): 2014 2015 Sales $ 16,073 $ 15,636 Depreciation 1,751 1,826

Use the following information for Taco Swell, Inc., (assume the tax rate is 30 percent):

2014 2015
Sales $ 16,073 $ 15,636
Depreciation 1,751 1,826
Cost of goods sold 4,429 4,797
Other expenses 991 869
Interest 840 971
Cash 6,202 6,736
Accounts receivable 8,130 9,697
Short-term notes payable 1,260 1,237
Long-term debt 20,590 24,861
Net fixed assets 51,086 57,060
Accounts payable 4,528 4,914
Inventory 14,436 15,378
Dividends 1,400 1,708

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

blur-text-image

Get Instant Access with AI-Powered Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Students also viewed these Accounting questions