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1. Use the following information for Taco Swell: (a)

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1. Use the following information for Taco Swell:
(a) Prepare Taco Swell, Inc. Balance Sheet for year 2008 and 2009
(b) Prepare Taco Swell, Inc. Income Statement for year 2008 and 2009
(c) Calculate Cash Flow for 2009 calculates the cash flow from assets, cash flow to creditors, and cash flow to stockholders.

2008 2009

Sales $7,233 8,085
Depreciation 1,083 1,085
cost of good sold 2,487. 2,942
other Expenses 591 515
Interest 485 579
Cash 3,792 4,041
Accounts receivable 5,021. 5,892
short term Notes Payable 732 717
Long term debt 12,700. 15,435
Net Fixed Assets 31,805. 33,921
Accounts Payable 3,984 4,025
Inventory 8,927. 9,555
Dividends 882 1,011
Tax rate 34%

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