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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 12,006 . 2015 2014 2015 2014 Costs 5,230 Current assets 994 962 Current liabilities 333 408 Depreciation 1,005 Net fixed assets 3,610 4,438 Long-term debt 2,040 2,279 Interest 105 If the tax rate is 34 percent, what is the cash flow from assets for the year? (Negative amount should be indicated by a minus sign. Round your answer to the nearest dollar amount. Omit the "$" sign and commas in your response. For example, $123,456.78 should be entered as 123457.)
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