Question
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2015 Income Statement Assets Liabilities &
Consider the following abbreviated financial statements for Parrothead Enterprises:
| PARROTHEAD ENTERPRISES |
| PARROTHEAD ENTERPRISES | |||||||
| 2014 and 2015 Partial Balance Sheets |
| 2015 Income Statement | |||||||
| Assets |
| Liabilities & Owners Equity |
| Sales | 12327 | ||||
|
| 2015 | 2014 |
|
| 2015 | 2014 |
| Costs | 5947 |
| Current assets | 966 | 939 |
| Current liabilities | 319 | 485 |
| Depreciation | 1051 |
| Net fixed assets | 3790 | 4263 |
| Long-term debt | 2065 | 2114 |
| Interest | 105 |
If the tax rate is 34 percent, what is the cash flow from assets for the year?
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