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2010 and 2011 Partial Balance Sheets Liabilities and Owners' Equity Assets 2011 $ 930 $ 1,004 4,568 2011 $ 375 $ 431 2,015 2,157 2010
2010 and 2011 Partial Balance Sheets Liabilities and Owners' Equity Assets 2011 $ 930 $ 1,004 4,568 2011 $ 375 $ 431 2,015 2,157 2010 2010 Current assets Net fixed assets Current liabilities 3,837 Long-term debt PARROTHEAD ENTERPRISES 2011 Income Statement $ 11,580 5,640 1,040 Sales Costs Depreciation Interest paid 180 a. What is owners' equity for 2010 and 2011? Owners' equity 2010 2$ Owners' equity 2011 b. What is the change in net working capital for 2011? Change in NWC c-1 In 2011, Parrothead Enterprises purchased $1,835 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? Fixed assets sold c-2 In 2011, Parrothead Enterprises purchased $1,835 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.) Cash flow from assets d-1 During 2011, Parrothead Enterprises raised $370 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? Debt retired d-2 During 2011, Parrothead Enterprises raised $370 in new long-term debt. What is the cash flow to creditors
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