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a. Owners' equity 2018 Owners' equity 2019 Change in NWC b. C-1. Fixed assets sold C-2. Cash flow from assets d-1. Debt retired d-2. Cash
a. Owners' equity 2018 Owners' equity 2019 Change in NWC b. C-1. Fixed assets sold C-2. Cash flow from assets d-1. Debt retired d-2. Cash flow to creditors Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial Balance Sheets Assets Liabilities and Owners' Equity 2018 2019 2018 2019 Current assets $1,320 $1,459 Current liabilities $ 615 $ 655 Net fixed assets 5,106 6,197 Long-term debt 2,837 3,023 WESTON ENTERPRISES 2019 Income Statement Sales $16,210 Costs 7,306 Depreciation 1,477 Interest paid 464 a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations.) b. What is the change in net working capital for 2019? (Do not round intermediate calculations.) C-1. In 2019, Weston Enterprises purchased $2,724 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) c-2. In 2019, Weston Enterprises purchased $2,724 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 2019, Weston Enterprises raised $599 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2019, Weston Enterprises raised $599 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)
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