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Use the following information for Taco Swell, Inc., (assume the tax rate is 21 percent):    2017 2018   Sales $ 25,049 $ 19,278   Depreciation 2,546 2,654   Cost of...

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Finance

Use the following information for Taco Swell, Inc., (assume thetax rate is 21 percent):

  

20172018
  Sales$25,049$19,278
  Depreciation2,5462,654
  Cost of goods sold6,5406,901
  Other expenses1,4621,263
  Interest1,1951,410
  Cash8,7619,757
  Accounts receivable11,65813,992
  Short-term notes payable1,8441,811
  Long-term debt29,57035,654
  Net fixed assets73,16078,120
  Accounts payable6,3717,150
  Inventory20,71322,032
  Dividends2,8292,484


For 2018, calculate the cash flow from assets, cash flow tocreditors, and cash flow to stockholders. (A negativeanswer should be indicated by a minus sign. Do not roundintermediate calculations and round your answers to 2 decimalplaces, e.g., 32.16.)

Answer & Explanation Solved by verified expert
3.6 Ratings (470 Votes)
Answer EBT Sales Cost of Goods Sold Depreciation Other Expenses Interest EBT 19278 6901 2654 1263 1410 EBT 7050 Net Income EBT EBT tax rate Net Income 7050 7050 21 Net Income 7050 14805 Net Income 55695 Operating Cash Flow Net Income Depreciation Operating Cash    See Answer
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