fin

profilenlcnjiyifan

Consider the following abbreviated financial statements for Parrothead Enterprises:

   

PARROTHEAD ENTERPRISES
2014 and 2015 Partial Balance Sheets
Assets Liabilities and Owners’ Equity 
  2014  2015    2014  2015 
  Current assets$944 $1,004  Current liabilities$380 $413 
  Net fixed assets 3,877  4,596  Long-term debt 2,031  2,192 

  
 

PARROTHEAD ENTERPRISES
2015 Income Statement
  Sales$12,245  
  Costs 5,885  
  Depreciation 1,000  
  Interest paid 180  

  
 

a.What is owners' equity for 2014 and 2015? (Do not round intermediate calculations.)

  

  
  Owners' equity 2014$ [removed]  
  Owners' equity 2015$ [removed]  

 

b.What is the change in net working capital for 2015? (Do not round intermediate calculations.)

  

  Change in NWC$ [removed]  

  

c-1

In 2015, Parrothead Enterprises purchased $1,870 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.)

  

  Fixed assets sold$ [removed]  

 

c-2

In 2015, Parrothead Enterprises purchased $1,870 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.) (Do not round intermediate calculations.)

 

  Cash flow from assets$ [removed]  

  

d-1

During 2015, Parrothead Enterprises raised $400 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.)

  

  Debt retired$ [removed]  

 

d-2

During 2015, Parrothead Enterprises raised $400 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

  

  Cash flow to creditors$ [removed]  

    • 10 years ago
    • 5
    Answer(1)

    Purchase the answer to view it

    blurred-text
    NOT RATED
    • attachment
      good.docx
    Bids(0)