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Homework answers / question archive / Use the following information for Taco Swell, Inc
Use the following information for Taco Swell, Inc., (assume the tax rate is 24 percent):
2017 2018
Sales $26,549 $ 19,368
Depreciation 2,576 2.684
Cost of goods sold 6,690 6,931
Other expenses 1,483 1,278
Interest 1,210 1,425
Cash 8,776 9,847
Accounts receivable 11,688 14,082
Short-term notes payable 1,874 1,841
Long-term debt 29,660 35,729
Net fixed assets 73,229 78,050
Accounts payable 6,389 7,240
Inventory 20,764 22,062
Dividends 2,979 2,514
For 2018, calculate the cash flow horn assets, cash flow to creditors, and cash flow to stockholders.
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