Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent):
2017 2018
Sales $16,549 $18,498
Depreciation 2,376 2,484
Cost of goods sold 5,690 6,731
Other expenses 1,353 1,178
Interest 1,110 1,325
Cash 8,676 9,247
Accounts receivable 11,488 13,482
Short-term notes payable 1,674 1,641
Long-term debt 29,060 35,229
Net fixed assets 72,770 77,610
Accounts payable 6,269 6,640
Inventory 20,424 21,862
Dividends 1,979 2,314
For 2018, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders.
Answers: 2
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Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent):
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