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Consider the following abbreviated financial statements for Cabo Wabo, Inc.: a. What is owners equity for 2015 and 2016? (Do not round intermediate calculations and
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: 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.) 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 exist c. In 2016, the company purchased exist6,016 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 exist 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 exist d. During 2016, the company raised exist1,930 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 exist 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 exist
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