Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2010 and 2011 Partial Balance Sheets Assets Liabilities and Owners' Equity 2010 2011 2010 2011 Current assets $ 940 $ 996 Current liabilities $ 380 $ 401 Net fixed assets 3,987 4,588 Long-term debt 2,025 2,182 PARROTHEAD ENTERPRISES 2011 Income Statement Sales $ 12,055 Costs 5,815 Depreciation 1,060 Interest paid 180

a. What is owners' equity for 2010 and 2011? Owners' equity 2010 $ Owners' equity 2011 $

b. What is the change in net working capital for 2011? Change in NWC $

c-1 In 2011, Parrot head Enterprises purchased $1,860 in new fixed assets. How much in fixed assets did Parrot head Enterprises sell? Fixed assets sold $

c-2 In 2011, Parrot head Enterprises purchased $1,860 in new fixed assets. What is the cash flow from assets for the year? (The tax rate is 35 percent.) Cash flow from assets $

d-1 During 2011, Parrot head Enterprises raised $410 in new long-term debt. How much long-term debt must Parrot head Enterprises have paid off during the year? Debt retired $

d-2 During 2011, Parrot head Enterprises raised $410 in new long-term debt. What is the cash flow to creditors?