Use the following information for Taco Swell, Inc. (assume the2017 2018SalesDepreciationCost of goods soldOther expensesInterestCashAccounts receivable$24,049 $19,2182,526 2,6346,440 6,8811,448 1,2531,1851,4008,751 9,69711,638 13,932Short-term notes payable 1,8241,79129,510 35,60473,114 78,0606,359 7,09020,679 22,0122,729 2,464Long-term debtNet fixed assetsAccounts payableInventoryDividendsFor 2018, calculate the cash flow from assets, cash flow tonegative answer should be indicated by a minus sign. Doround your answers to 2 decimal places, e.g., 32.16.)Cash flow from assetsCash flow to creditorsCash flow to stockholders27,689.784,694.002,464.00

Question
Asked Jan 22, 2019
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Use the following information for Taco Swell, Inc. (assume the
2017 2018
Sales
Depreciation
Cost of goods sold
Other expenses
Interest
Cash
Accounts receivable
$24,049 $19,218
2,526 2,634
6,440 6,881
1,448 1,253
1,1851,400
8,751 9,697
11,638 13,932
Short-term notes payable 1,8241,791
29,510 35,604
73,114 78,060
6,359 7,090
20,679 22,012
2,729 2,464
Long-term debt
Net fixed assets
Accounts payable
Inventory
Dividends
For 2018, calculate the cash flow from assets, cash flow to
negative answer should be indicated by a minus sign. Do
round your answers to 2 decimal places, e.g., 32.16.)
Cash flow from assets
Cash flow to creditors
Cash flow to stockholders
27,689.78
4,694.00
2,464.00
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Use the following information for Taco Swell, Inc. (assume the 2017 2018 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable $24,049 $19,218 2,526 2,634 6,440 6,881 1,448 1,253 1,1851,400 8,751 9,697 11,638 13,932 Short-term notes payable 1,8241,791 29,510 35,604 73,114 78,060 6,359 7,090 20,679 22,012 2,729 2,464 Long-term debt Net fixed assets Accounts payable Inventory Dividends For 2018, calculate the cash flow from assets, cash flow to negative answer should be indicated by a minus sign. Do round your answers to 2 decimal places, e.g., 32.16.) Cash flow from assets Cash flow to creditors Cash flow to stockholders 27,689.78 4,694.00 2,464.00

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Expert Answer

Step 1

For computing the Cashflows from Assets, first step is to compute the Net income of the business. The same has been computed as above.

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Step 2

To compute the Cashflows from Assets, three computations need to be made and sum of t hese three computations is Cashflows from Assets:

The three computations to be made are:

-Operating cash flows

-Changes in Working capital

-Net spending in Fixed assets

The Cashflows from Assets has been computed as above.

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Step 3

The Next computation to be made is Cashflows to creditors.

Cash flows to creditors are net of interest paid a...

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