Question
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners Equity 2014 2015 2014 2015 Current assets $ 930 $ 1,004 Current liabilities $ 375 $ 431 Net fixed assets 3,837 4,568 Long-term debt 2,015 2,157 PARROTHEAD ENTERPRISES 2015 Income Statement Sales $ 11,580 Costs 5,640 Depreciation 1,040 Interest paid 180 c-2 In 2015, Parrothead Enterprises purchased $1,835 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.) (Do not round intermediate calculations.) Cash flow from assets $
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