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5 PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets $1,296 $1,427 Current liabilities $

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5 PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets $1,296 $1,427 Current liabilities $ 587 $ 631 Net fixed assets 5,078 6,153 Long-term debt 2,793 2,975 4 points eBook Print References PARROTHEAD ENTERPRISES 2018 Income Statement Sales $16,018 Costs 7,270 Depreciation 1,453 Interest paid 448 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 $2,676 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 $2,676 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 23 percent. (Do not round intermediate calculations.) d-1. During 2018, Parrothead Enterprises raised $579 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 $579 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

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