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CALCULATING THE CASH FLOW .... EXPLAIN A,B,C,D Calculating Cash Flows (LO3) Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE Enterprises 2014 and 2015

CALCULATING THE CASH FLOW .... EXPLAIN A,B,C,D

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Calculating Cash Flows (LO3) Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE Enterprises 2014 and 2015 Partial Statement of Financial Position Assets Liabilities and Owner's Equity 2014 2014 2014 2015 Current assets $ 914 $ 990 Current liabilities $ 365 $ 410 Net fixed assets 3,767 4,536 Long-term debt 1, 991 2,117 BARRIE Enterprises 2015 Statement of Comprehensive Income Sales $11,592 Costs 5,405 Depreciation 1,033 Interest Paid 294 a. What is owner's equity for 2014 and 2015? b. What is the change in net working capital for 2015? c. In 2015, 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 percent.) d. During 2015, Barrie Enterprises raised $378 in new long-term debt. How much long- term debt must Barrie Enterprises have paid off during the year? What is the cash flow to creditors

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