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Consider the following abbreviated financial statements for Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 2018 2019
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: |
CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019 | |||||||||
2018 | 2019 | 2018 | 2019 | ||||||
Assets | Liabilities and Owners Equity | ||||||||
Current assets | $ | 3,115 | $ | 3,323 | Current liabilities | $ | 1,375 | $ | 2,038 |
Net fixed assets | 14,016 | 14,507 | Long-term debt | 7,329 | 8,375 | ||||
CABO WABO, INC. 2019 Income Statement | |||||||||
Sales | $ | 44,940 | |||||||
Costs | 22,502 | ||||||||
Depreciation | 3,861 | ||||||||
Interest paid | 1,003 | ||||||||
a. What is owners equity for 2018 and 2019?
B. Change in net working capital
C.Fixed assets sold
D. Cash flow from assets
E. Cash flow from creditors
F. Debt retired
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