Question
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: (Enter your answer as directed, but do not round intermediate calculations.) CABO WABO, INC. Partial
Consider the following abbreviated financial statements for Cabo Wabo, Inc.: (Enter your answer as directed, but do not round intermediate calculations.) CABO WABO, INC. Partial Balance Sheets as of December 31, 2013 and 2014 2013 2014 2013 2014 Assets Liabilities and Owners Equity Current assets $ 2,673 $ 2,830 Current liabilities $ 1,147 $ 1,688 Net fixed assets 12,369 12,930 Long-term debt 6,726 7,858 CABO WABO, INC. 2014 Income Statement Sales $ 39,890 Costs 20,002 Depreciation 3,374 Interest paid 627 (b) What is the cash flow from assets for the year? (Round your answer to the nearest whole dollar amount (e.g., 32).) Cash flow from assets $ Requirement 4: During 2014, Cabo Wabo raised $1,705 in new long-term debt. (a) What is the cash flow to creditors? (Negative amount should be indicated by a minus sign. (Round your answer to the nearest whole dollar amount (e.g., 32).) Cash flow to creditors $
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