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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 $ 950 $ 1,016 Current liabilities $ 385 $ 416
Net fixed assets 3,967 4,608 Long-term debt 2,035 2,207

PARROTHEAD ENTERPRISES 2015 Income Statement
Sales $ 12,530
Costs 5,990
Depreciation 1,080
Interest paid 200

a. What is owners' equity for 2014 and 2015? (Do not round intermediate calculations.)

Owners' equity 2014 $
Owners' equity 2015 $

b. What is the change in net working capital for 2015? (Do not round intermediate calculations.)

Change in NWC $

c-1

In 2015, Parrothead Enterprises purchased $1,885 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.)

Fixed assets sold $

c-2

In 2015, Parrothead Enterprises purchased $1,885 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 $

d-1

During 2015, Parrothead Enterprises raised $410 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.)

Debt retired $

d-2

During 2015, Parrothead Enterprises raised $410 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)

Cash flow to creditors

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