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Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What
Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners' equity for 2020 and 2021? (Do not round intermediate calculations.) b. What is the change in net working capital for 2021? (Do not round intermediate calculations.) c-1. In 2021, Parrothead Enterprises purchased \$2,556 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) c-2. In 2021, Parrothead Enterprises purchased $2,556 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) d-1. During 2021, Parrothead Enterprises raised $529 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2021, Parrothead Enterprises raised $529 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)
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