Business, 18.02.2020 01:03 lildebiecakes

Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners’ Equity 2017 2018 2017 2018 Current assets $ 1,224 $ 1,331 Current liabilities $ 503 $ 559 Net fixed assets 4,994 6,021 Long-term debt 2,661 2,831 PARROTHEAD ENTERPRISES 2018 Income Statement Sales $ 15,442 Costs 7,162 Depreciation 1,381 Interest paid 400 a. What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) b. What is the change in net working capital for 2018? (Do not round intermediate calculations.) c-1. In 2018, Parrothead Enterprises purchased $2,532 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2018, Parrothead Enterprises purchased $2,532 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 23 percent. (Do not round intermediate calculations.) d-1. During 2018, Parrothead Enterprises raised $519 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2018, Parrothead Enterprises raised $519 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTER...

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