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Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners' equity for 2010 and 2011? Owners' equity 2010 $ _______ Owners' equity

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Consider the following abbreviated financial statements for Parrothead Enterprises: a. What is owners' equity for 2010 and 2011? Owners' equity 2010 $ _______ Owners' equity 2011 $ _______ b. What is the change in net working capital for 2011? Change in NWC $ ________ c-1 In 2011, Parrothead Enterprises purchased $1, 820 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? Fixed assets sold $ ________ c-2 In 2011, Parrothead Enterprises purchased $1, 820 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.) Cash flow from assets $ ________ d-1 During 2011, Parrothead Enterprises raised $360 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? Debt retired $ ________ d-2 During 2011, Parrothead Enterprises raised $360 in new long-term debt. What is the cash flow to creditors? Cash flow to creditors $ ________

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