Answered step by step
Verified Expert Solution
Link Copied!

Question

1 Approved Answer

Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE Enterprises 2017 and 2018 Partial Statement of Financial Position Assets Liabilities and Owners Equity 2017

image text in transcribed
image text in transcribed
Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE Enterprises 2017 and 2018 Partial Statement of Financial Position Assets Liabilities and Owners Equity 2017 2018 2017 2018 Current assets $ 946 $1,022 Current liabilities 381 $ 415 Net fixed assets 4,087 4,856 Long-term debt 2,151 2,293 BARRIR Enterprises 2018 Statement of Comprehensive Income Sales $ 13, 200 Costa 5,541 Depreciation 1,193 Interest paid 326 a. What is owner's equity for 2017 and 2018? (Omit $ sign in your response.) S Owner's equity 2017 Owner's equity 2018 $ b. What is the change in net working capital for 2018? (Omit S sign in your response.) Change in NWC $ c1. In 2018, Barrie Enterprises purchased $2,066 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? (Omit $ G. TWITOLIS UV Soyurly IUI LUIGI LUIGI VE yua Owner's equity 2017 Owner's equity 2018 $ $ b. What is the change in net working capital for 2018? (Omit $ sign in your response.) Change in NWC $ c1. In 2018, Barrie Enterprises purchased $2,066 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? (Omit $ sign in your response.) Fixed assets sold $ c2. In 2018, Barrle Enterprises purchased $2,066 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35%.) (Omit $ sign in your response.) $ d1. During 2018, Barrie Enterprises raised $410 in new long-term debt. How much long-term debt must Barrie Enterprises have paid off during the year? (Omit $ sign in your response.) Cash flow from assets Debt retired $ d2. During 2018, Barrie Enterprises raised $410 in new long-term debt. What is the cash flow to creditors? (Omit $ sign in your response.) Cash flow to creditors $

Step by Step Solution

There are 3 Steps involved in it

Step: 1

blur-text-image

Get Instant Access to Expert-Tailored Solutions

See step-by-step solutions with expert insights and AI powered tools for academic success

Step: 2

blur-text-image

Step: 3

blur-text-image

Ace Your Homework with AI

Get the answers you need in no time with our AI-driven, step-by-step assistance

Get Started

Recommended Textbook for

Short Term Rental Long Term Wealth

Authors: Avery Carl

1st Edition

1947200445, 978-1947200449

More Books

Students also viewed these Finance questions