Consider the following abbreviated financial statements for Weston Enterprises:

a. What is owners€™ equity for 2011 and 2012?

b. What is the change in net working capital for 2012?

c. In 2012, Weston Enterprises purchased $ 2,160 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 40 percent.)

d. During 2012, Weston Enterprises raised $ 432 in new long- term debt. How much long-term debt must Weston Enterprises have paid off during the year? What is the cash flow to creditors?

Use the following information for Ingersoll, Inc., for (assume the tax rate is 34 percent):

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2011 2012 7,835 $ 8,409 2 Depreciation Cost of goods sold Other expenses Accounts receivable Short-term notes payable 13.460 6,050 2 Net fixed assets Accounts payable 2