Consider the following abbreviated financial statements for Weston Enterprises a What
Consider the following abbreviated financial statements for Weston Enterprises:
a. What was owners’ equity for 2009 and 2010?
b. What was the change in net working capital for 2010?
c. In 2010, Weston Enterprises purchased $1,900 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What was the cash flow from assets for the year? (The tax rate is 35 percent.)
d. During 2010, Weston Enterprises raised $440 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? What was the cash flow to creditors?
Use the following information for Ingersoll, Inc., for Problems 24 and 25 (assume the tax rate is 35 percent):
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