Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): 2020 2021 $24,047 3,229 8,750 Sales Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets $ 21,514 3,089 7,397 1,759 1,443 11,279 14,934 2,176 37,778 94,601 8,150 26,551 2,573 1,531 1,723 12,021 17,529 2,133 45,798 100,893 8,632 28,421 3,008 Accounts payable Inventory Dividends For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to

Intermediate Accounting: Reporting And Analysis
3rd Edition
ISBN:9781337788281
Author:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Publisher:James M. Wahlen, Jefferson P. Jones, Donald Pagach
Chapter22: Accounting For Changes And Errors.
Section: Chapter Questions
Problem 2RE: Heller Company began operations in 2019 and used the LIFO method to compute its 300,000 cost of...
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Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21
percent):
2020
2021
Sales
$ 21,514
3,089
7,397
1,759
1,443
11,279
14,934
2,176
37,778
94,601
8,150
26,551
2,573
$24.047
Depreciation
Cost of goods sold
Other expenses
Interest
Cash
Accounts receivable
Short-term notes payable
Long-term debt
Net fixed assets
Accounts payable
Inventory
Dividends
3,229
8,750
1,531
1,723
12,021
17,529
2,133
45,798
100,893
8,632
28,421
3,008
For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to
stockholders. (A negative answer should be indicated by a minus sign. Do not round
intermediate calculations and round your answers to the nearest whole number, e.g..,
32.)
Cash flow from assets
Cash flow to creditors
Cash flow to stockholders
Transcribed Image Text:Use the following information for Taco Swell, Incorporated, (assume the tax rate is 21 percent): 2020 2021 Sales $ 21,514 3,089 7,397 1,759 1,443 11,279 14,934 2,176 37,778 94,601 8,150 26,551 2,573 $24.047 Depreciation Cost of goods sold Other expenses Interest Cash Accounts receivable Short-term notes payable Long-term debt Net fixed assets Accounts payable Inventory Dividends 3,229 8,750 1,531 1,723 12,021 17,529 2,133 45,798 100,893 8,632 28,421 3,008 For 2021, calculate the cash flow from assets, cash flow to creditors, and cash flow to stockholders. (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answers to the nearest whole number, e.g.., 32.) Cash flow from assets Cash flow to creditors Cash flow to stockholders
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