Consider the following abbreviated financial statements for Cabo Wabo, incorporated: CABO WABO, INCORPORATED Partial Balance Sheets...

 

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Consider the following abbreviated financial statements for Cabo Wabo, incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners Equity 2021 $3,007 13,984 $ 3,191 14,495 Current liabilities Long-term debt Assets Current assets Net fixed assets CABO MABO, INCORPORATED 2022 Income Statement Salee Conta Depreciation Interest paid $ 44,760 22,442 3,709 1,027 2021 $ 1,303 7,185 a. What is owners' equity for 2021 and 2022? Note: Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32. b. What is the change in net working capital for 20227 Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c-1. In 2022, the company purchased $7,894 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the company sell? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c-2. What is the cash flow from assets for the year? 2022 $ 3,918 8,243 Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-1. During 2022, the company raised $2,383 in new long-term debt. What is the cash flow to creditors? Note: A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. < Prev d-2. How much long-term debt must the company have paid off during the year? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Next Answer is complete but not entirely correct. $ a. 2021 Owners' equity 2022 Owners' equity b. Change in net working capital c-1. Fixed assets sold c-2. Cash flow from assets d-1. Cash flow to creditors d-2. Debt retired $ $ $ SA 8,403 7,525 -431 3,494 10,484 -31 1,325 Consider the following abbreviated financial statements for Cabo Wabo, incorporated: CABO WABO, INCORPORATED Partial Balance Sheets as of December 31, 2021 and 2022 2022 Liabilities and Owners Equity 2021 $3,007 13,984 $ 3,191 14,495 Current liabilities Long-term debt Assets Current assets Net fixed assets CABO MABO, INCORPORATED 2022 Income Statement Salee Conta Depreciation Interest paid $ 44,760 22,442 3,709 1,027 2021 $ 1,303 7,185 a. What is owners' equity for 2021 and 2022? Note: Do not round Intermediate calculations and round your answers to the nearest whole number, e.g., 32. b. What is the change in net working capital for 20227 Note: A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c-1. In 2022, the company purchased $7,894 in new fixed assets. The tax rate is 22 percent. How much in fixed assets did the company sell? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. c-2. What is the cash flow from assets for the year? 2022 $ 3,918 8,243 Note: Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. d-1. During 2022, the company raised $2,383 in new long-term debt. What is the cash flow to creditors? Note: A negative answer should be indicated by a minus sign. Do not round Intermediate calculations and round your answer to the nearest whole number, e.g., 32. < Prev d-2. How much long-term debt must the company have paid off during the year? Note: Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32. Next Answer is complete but not entirely correct. $ a. 2021 Owners' equity 2022 Owners' equity b. Change in net working capital c-1. Fixed assets sold c-2. Cash flow from assets d-1. Cash flow to creditors d-2. Debt retired $ $ $ SA 8,403 7,525 -431 3,494 10,484 -31 1,325

Answer rating: 100% (QA)

a Owners Equity 2021 Owners equity Total Assets Total Liabilities 30071388... View the full answer