Consider the following abbreviated financial statements for

Cabo Wabo, Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2015 and 2016

Assets: 2015 2016

Current assets

$

2,777

$

2,908

Net fixed assets

12,551

13,099

Liabilities and Owners Equity: 2015 2016

Current liabilities

$

1,095

$

1,649

Long-term debt		6,557		7,806

CABO WABO, INC. 2016

Income Statement

Sales $ 40,150

Costs 20,106

Depreciation 3,465

Interest paid 666

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.) Owners equity 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 $5,966 in new fixed assets. The tax rate is 40 percent.

1. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Fixed assets sold $

2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) Cash flow from assets $

d. During 2016, the company raised $1,900 in new long-term debt.

1. What is the cash flow to creditors? (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.) Cash flow to creditors $ 2.

2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)

Debt retired $