Question
b. What is the change in net working capital for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate
b. What is the change in net working capital for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Change in net working capital $
c. In 2016, the company purchased $5,766 in new fixed assets. The tax rate is 40 percent.
1. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Fixed assets sold $
2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash flow from assets $
d. During 2016, the company raised $1,780 in new long-term debt.
1. What is the cash flow to creditors? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Cash flow to creditors $
2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
Debt retired $
The Real News y Twitter a youtube Facebook-Soundcloud e FMF State of Mind DClips Nation school i Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC Partial Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 201 Assets Liabilities and Owners' Equity Current assets Net fixed assets $ 2,713 2,860 Current liabilities S 1,127 1,673 6,661 7,838 12,439 12,995 Long-term debt CABO WABO, INC 2016 Income Statement Sales Costs Depreciation Interest paid $ 39,990 20,042 3,409 642 a. What is owners' equity for 2015 and 2016? (Do not round intermediate calculations and round your answers to Owners' equity 2015 2016 b. What is the change in net working capital for 2016? (A negative answer should be indicated by a minus sign. Do the nearest whole number, e.g., 32.) Change in net working capital
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