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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2 0 2 1 Income Statement a . What is owners' equity for 2
Consider the following abbreviated financial statements for Parrothead Enterprises:
PARROTHEAD ENTERPRISES
Income Statement
a What is owners' equity for and Do not round intermediate
calculations.
b What is the change in net working capital for Do not round intermediate
calculations.
c In Parrothead Enterprises purchased $ in new fixed assets. How much
in fixed assets did Parrothead Enterprises sell? Do not round intermediate
calculations.
c In Parrothead Enterprises purchased $ in new fixed assets. What is the
cash flow from assets for the year? The tax rate is percent. Do not round
intermediate calculations.
d During Parrothead Enterprises raised $ in new longterm debt. How much
longterm debt must Parrothead Enterprises have paid off during the year? Do not
round intermediate calculations.
d During Parrothead Enterprises raised $ in new longterm debt. What is the
cash flow to creditors? Do not round intermediate calculations.
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