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BARRIE ENTERP RISES 2 0 1 9 and 2 0 2 0 P artial Statement of Financial P osition Assets Liabilities and Owner s E

BARRIE ENTERP RISES
2019 and 2020 P artial Statement of Financial P osition
Assets Liabilities and Owners E quity
2019202020192020
Current assets $ 914 $ 990 Current liabilities $ 365 $ 410
Net fixed assets 3,7674,536 Long-term debt 1,9912,117
BARRIE ENTERP RISES
2020 Statement of Comprehensiv e Income
Sales $11,592
Costs 5,405
Depreciation 1,033
Interest Paid 294
a. What is owners equity for 2019 and 2020?
b. What is the change in net working capital for 2020?
c. In 2020, Barrie Enterprises purchased $1,890 in new fixed assets. How much in fixed
assets did Barrie Enterprises sell? What is the cash flow from assets for the year? (The
tax rate is 35%.)
d. During 2020, Barrie Enterprises raised $378 in new long-term debt. How much longterm
debt must Barrie Enterprises

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