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2 (Chapter 2). Consider the following summary financial statements for Yosemite Enterprises: Yosemite Enterprises 2018 and 2019 Partial Balance Sheets Assets Liabilities and Owners' Equity

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2 (Chapter 2). Consider the following summary financial statements for Yosemite Enterprises: Yosemite Enterprises 2018 and 2019 Partial Balance Sheets Assets Liabilities and Owners' Equity 2018 2019 2018 2019 $1,000 $1,800 Current Liab.s $600 $800 6,000 9,000 L/T Debt 4,000 7,000 Current assets Net fixed assets Yosemite Enterprises 2019 Income Statement Sales $40,000 Costs 30,000 Depreciation 2,000 Interest Paid 400 a. What is owners' equity for 2018 and 2019? b. What is the change in net working capital for 2019? c. What is Operating Cash Flow for 2019? (The tax rate is 21%.) d. What is Yosemite's Net Capital Spending in 2019? (Check your understanding (optional, not for credit): In 2019, Yosemite purchases $6000 in new fixed assets. How much in fixed assets did Yosemite sell?) e. What is Yosemite's cash flow from assets for 2019? f. What is cash flow to the creditors in 2019? (Check your understanding (optional, not for credit): During 2019, Yosemite raised $4000 in new long-term debt. How much long-term debt must Yoesmite have paid off during the year?) g. During 2019, Yosemite paid $5404 in dividends, repurchased equity of $1000 and issued new equity of $1000. What is cash flow to equity-holders for 2019? h. Construct a Statement of Financial Cash Flow for Yosemite for 2019

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