es Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2020 and 2021 Partial...
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es Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets $1,212 $1,315 Current liabilities Net fixed assets 4,980 5,999 Long-term debt PARROTHEAD ENTERPRISES 2021 Income Statement Sales Costs a. Depreciation Interest paid What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What is the change in net working capital for 2021? (Do not round intermediate calculations.) $ 15,346 7,144 1,369 392 c-1. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) a. Owners' equity 2020 a. Owners' equity 2021 b. Change in NWC c-1. Fixed assets sold c-2. Cash flow from assets 2020 2021 $489 $547 2,639 2,807 d-1. During 2021, Parrothead Enterprises raised $509 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 2021, Parrothead Enterprises raised $509 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) d-1. Debt retired d-2. Cash flow to creditors $ $ $ 3,064 3,960 45 es Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Assets 2020 2021 Liabilities and Owners' Equity Current assets $1,212 $1,315 Current liabilities Net fixed assets 4,980 5,999 Long-term debt PARROTHEAD ENTERPRISES 2021 Income Statement Sales Costs a. Depreciation Interest paid What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What is the change in net working capital for 2021? (Do not round intermediate calculations.) $ 15,346 7,144 1,369 392 c-1. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2021, Parrothead Enterprises purchased $2,508 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) a. Owners' equity 2020 a. Owners' equity 2021 b. Change in NWC c-1. Fixed assets sold c-2. Cash flow from assets 2020 2021 $489 $547 2,639 2,807 d-1. During 2021, Parrothead Enterprises raised $509 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 2021, Parrothead Enterprises raised $509 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) d-1. Debt retired d-2. Cash flow to creditors $ $ $ 3,064 3,960 45
Expert Answer:
Answer rating: 100% (QA)
a Owners Equity 2020 Total Assets 2020 Total Liabilities 2020 1315 5999 489 1212 6314 1701 4613 ... View the full answer
Related Book For
Fundamentals Of Corporate Finance
ISBN: 9781265553609
13th Edition
Authors: Stephen Ross, Randolph Westerfield, Bradford Jordan
Posted Date:
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