Question: Make sure the formatting is nice and easy to understand. Based on the following financial information for Burrito Boy determine a Balance Sheet and Income

Make sure the formatting is nice and easy to understand.

Make sure the formatting is nice and easy to understand. Based on

Based on the following financial information for Burrito Boy determine a Balance Sheet and Income Statement for both 2018 1nd 2109. For 2019 determine the Cash Flows from the firm and determine where those cash flows went. As a reminder, cash flows from the firm should include operating cash flow, cash flow from assets, and changes in working capital. 2018 2019 Sales $ 9,308 $ 10,444 Depreciation $ 1,337 $ 1,398 Cost of goods sold $ 3,203 $ 3,801 Other expenses $ 759 $ 664 "Interest $ 624 $ 750 Cash $ 4,882 $ 6,463 Accounts receivable $ 5,361 $ 7,610 Short-term notes payable $ 2,044 $ 927 Long-term debt $ 15,991 $ 19,934 Net fixed assets $ 40,932 $ 44,906 Accounts payable $ 5,127 $5,198 Inventory $11.488 $ 12,343 Dividends $ 1,135 $ 1,305 Tax rate 21% 21%

Step by Step Solution

There are 3 Steps involved in it

1 Expert Approved Answer
Step: 1 Unlock blur-text-image
Question Has Been Solved by an Expert!

Get step-by-step solutions from verified subject matter experts

Step: 2 Unlock
Step: 3 Unlock

Students Have Also Explored These Related Accounting Questions!