Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance...

  

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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity Current assets 2017 2018 $1,284 $1,411 2017 2018 Current liabilities $ 573 $ 619 Net fixed assets 5,064 6,131 Long-term debt 2,771 2,951 PARROTHEAD ENTERPRISES 2018 Income Statement 15,922 Sales $ Costs 7,252 Depreciation 1,441 Interest paid 440 a. What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) b. What is the change in net working capital for 2018? (Do not round intermediate calculations.) c-1. In 2018, Parrothead Enterprises purchased $2,652 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2018, Parrothead Enterprises purchased $2,652 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.) d-1. During 2018, Parrothead Enterprises raised $569 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 2018, Parrothead Enterprises raised $569 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) a. Owners' equity 2017 Owners' equity 2018 SS $ 3,004 $ 3,972 b. Change in NWC 81 c-1. Fixed assets sold $ 59 144 c-2. Cash flow from assets d-1. Debt retired 389 d-2. Cash flow to creditors $ 260 Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity Current assets 2017 2018 $1,284 $1,411 2017 2018 Current liabilities $ 573 $ 619 Net fixed assets 5,064 6,131 Long-term debt 2,771 2,951 PARROTHEAD ENTERPRISES 2018 Income Statement 15,922 Sales $ Costs 7,252 Depreciation 1,441 Interest paid 440 a. What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) b. What is the change in net working capital for 2018? (Do not round intermediate calculations.) c-1. In 2018, Parrothead Enterprises purchased $2,652 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2018, Parrothead Enterprises purchased $2,652 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.) d-1. During 2018, Parrothead Enterprises raised $569 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 2018, Parrothead Enterprises raised $569 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) a. Owners' equity 2017 Owners' equity 2018 SS $ 3,004 $ 3,972 b. Change in NWC 81 c-1. Fixed assets sold $ 59 144 c-2. Cash flow from assets d-1. Debt retired 389 d-2. Cash flow to creditors $ 260