Question
Consider the following abbreviated financial statements for Barrie Enterprises: BARRIE Enterprises 2017 and 2018 Partial Statement of Financial Position Assets Liabilities and Owner's Equity 2017
Consider the following abbreviated financial statements for Barrie Enterprises:
BARRIE Enterprises 2017 and 2018 Partial Statement of Financial Position | ||||||||||||
Assets | Liabilities and Owner's Equity | |||||||||||
2017 | 2018 | 2017 | 2018 | |||||||||
Current assets | $ | 938 | $ | 1,014 | Current liabilities | $ | 377 | $ | 413 | |||
Net fixed assets | 4,007 | 4,776 | Long-term debt | 2,111 | 2,249 | |||||||
BARRIE Enterprises 2018 Statement of Comprehensive Income | ||
Sales | $ | 12,800 |
Costs | 5,509 | |
Depreciation | 1,153 | |
Interest paid | 318 | |
a. What is owner's equity for 2017 and 2018? (Omit $ sign in your response.)
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 $2,022 in new fixed assets. How much in fixed assets did Barrie Enterprises sell? (Omit $ sign in your response.)
Fixed assets sold $
c2. In 2018, Barrie Enterprises purchased $2,022 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35%.) (Omit $ sign in your response.)
Cash flow from assets $
d1. During 2018, Barrie Enterprises raised $402 in new long-term debt. How much long-term debt must Barrie Enterprises have paid off during the year? (Omit $ sign in your response.)
Debt retired $
d2. During 2018, Barrie Enterprises raised $402 in new long-term debt. What is the cash flow to creditors? (Omit $ sign in your response.)
Cash flow to creditors $
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