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Consider the following abbreviated financial statements for Parrothead Enterprises: Assets Current assets Net fixed assets a. PARROTHEAD ENTERPRISES 2021 Income Statement Sales Costs PARROTHEAD ENTERPRISES
Consider the following abbreviated financial statements for Parrothead Enterprises: Assets Current assets Net fixed assets a. PARROTHEAD ENTERPRISES 2021 Income Statement Sales Costs PARROTHEAD ENTERPRISES 2020 and 2021 Partial Balance Sheets Liabilities and Owners' Equity Current liabilities Long-term debt Depreciation Interest paid 2020 2021 $ $ 1,266 1,387 5,043 6,098 $ 15,778 7,225 1,423 428 2020 2021 $ 552 $601 2,738 2,915 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 $2,616 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) a. Owners' equity 2020 a. Owners' equity 2021 b. Change in NWC c-1. Fixed assets sold c-2. Cash flow from assets d-1. Debt retired d-2. Cash flow to creditors c-2. In 2021, Parrothead Enterprises purchased $2,616 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 22 percent. (Do not round intermediate calculations.) d-1. During 2021, Parrothead Enterprises raised $554 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 $554 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)
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