Question
Calculating Cash Flows Consider the following abbreviated financial statements for Weston Enterprises: 2015 and 2014 Partial Balance Sheets Assets 2015 2014 Current assets $1,176 $964
Calculating Cash Flows Consider the following abbreviated financial statements for Weston Enterprises:
2015 and 2014 Partial Balance Sheets
Assets
2015 | 2014 | |
Current assets | $1,176 | $964 |
Net fixed assets | $5,104 | $4,384 |
Liabilities and Owners' Equity
2015 | 2014 | |
Current liabilities | $445 | $401 |
Long-term debt | $2,713 | $2,380 |
2015 Income Statement
Sales | $14,740 |
Costs | $5,932 |
Depreciation | $1,190 |
Interest paid | $328 |
a. What is owners' equity for 2014 and 2015?
b. What is the change in net working capital for 2015?
c. In 2015, Weston Enterprises purchased $2,350 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 40 percent)
d. During 2015, Weston Enterprises raised $455 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? What is the cash flow to creditors?
I need the following information:
Number | |
Sales | |
Cost of goods sold | |
Depreciation expense | |
Interest expense | |
2014 Net fixed assets | |
2014 Current assets | |
2014 Current liabilities | |
2014 Long-term debt | |
2015 Net fixed assets | |
2015 Current assets | |
2015 Current liabilities | |
2015 Long-term debt | |
2015 New fixed assets purchased | |
2015 New long-term debt | |
Tax rate | |
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