Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners equity for 2010 and

Question:

Consider the following abbreviated financial statements for Parrothead Enterprises:

a. What is ownersâ€™ equity for 2010 and 2011?
b. What is the change in net working capital for 2011?
c. In 2011, Parrothead Enterprises purchased $1,890 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.)
d. During 2011, Parrothead Enterprises raised $378 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year?
What is the cash flow tocreditors?

Financial Statements
Financial statements are the standardized formats to present the financial information related to a business or an organization for its users. Financial statements contain the historical information as well as current period’s financial... Cash Flow From Assets
Cash flow from assets is the aggregate total of all cash flows related to the assets of a business. This information is used to determine the net amount of cash being spun off by or used in the operations of a business. The concept is comprised of...