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Consider the following abbreviated financial statements for Cabo Wabo, Inc CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016 2015 2016

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Consider the following abbreviated financial statements for Cabo Wabo, Inc CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016 2015 2016 2015 2016 Assets Liabilities and Owners' Equity Current assets Net fixed assets $ 2,761 $ 2,896 Cument liabilities 12,523 13,073 Long-4erm debt S 1,103 1,655 6,583 7,814 CABO WABO, INC 2016 Income Statement Sales Costs S 40,110 20,090 3,451 660 Interest paid a. What is owners' equity for 2015 and 2016? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g. 32.) 2015 2016 b. What is the change in net working capital for 2016? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number,e.g. 32.) Change in net working capital c. In 2016, the company purchased $5,916 in new fixed assets. The tax rate is 40 percent

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