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Consider the following abbreviated financial statements for Parrothead Enterprises: (a) Calculate owners equity for 2021 and 2022. (b) Calculate the change in net working capital
Consider the following abbreviated financial statements for Parrothead Enterprises: (a) Calculate owners equity for 2021 and 2022. (b) Calculate the change in net working capital for 2022. (c) Calculate the cash flow from assets for 2022, assume 21% tax rate. (d) Calculate the (i) cash flow to creditors, and (ii) cash flow to stockholders for 2022. Parrothead Enterprises paid off $210 in new long-term debt, calculate (iii) the amount of long-term debt that Parrothead Enterprises must have issued during the year.
Consider the following abbreviated financial statements for Parrothead Enterprises: 2022 and 2021 Partial Balance Sheets (a) Calculate owners' equity for 2021 and 2022. (b) Calculate the change in net working capital for 2022. (c) Calculate the cash flow from assets for 2022, assume 21% tax rate. (d) Calculate the (i) cash flow to creditors, and (ii) cash flow to stockholders for 2022. Parrothead Enterprises paid off $210 in new long-term debt, calculate (iii) the amount of long-term debt that Parrothead Enterprises must have issued during the year.Step by Step Solution
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