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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners Equity 2017 2018 2017
Consider the following abbreviated financial statements for Parrothead Enterprises: |
PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets | ||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||
2017 | 2018 | 2017 | 2018 | |||||||||||
Current assets | $ | 1,326 | $ | 1,467 | Current liabilities | $ | 622 | $ | 661 | |||||
Net fixed assets | 5,113 | 6,208 | Long-term debt | 2,848 | 3,035 | |||||||||
PARROTHEAD ENTERPRISES 2018 Income Statement | ||
Sales | $ | 16,258 |
Costs | 7,315 | |
Depreciation | 1,483 | |
Interest paid | 468 | |
c-2. | In 2018, Parrothead Enterprises purchased $2,736 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent. (Do not round intermediate calculations.) |
d-2. | During 2018, Parrothead Enterprises raised $604 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) |
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