Question: Calculating Cash Flows ( LO 3 ) Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE ENTERPRISES 2 0 1 9 and 2 0

Calculating Cash Flows (LO3) Consider the following abbreviated
financial statements for Barrie Enterprises:
BARRIE ENTERPRISES
2019 and 2020 Partial Statement of Financial Position
a. What is owner's equity for 2019 and 2020?
b. What is the change in net working capital for 2020?
c. In 2020, Barrie Enterprises purchased $1,890 in new fixed assets. How
much in fixed assets did Barrie Enterprises sell? What is the cash flow
from assets for the year? (The tax rate is 35%.)
d. During 2020, Barrie Enterprises raised $378 in new long-term debt.
How much long-term debt must Barrie Enterprises have paid off during
the year? What is the cash flow to creditors?
 Calculating Cash Flows (LO3) Consider the following abbreviated financial statements for

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