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Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2 0 2 0 and 2 0 2 1 Partial Balance Sheets Assets 2
Consider the following abbreviated financial statements for Parrothead Enterprises:
PARROTHEAD ENTERPRISES
and Partial Balance Sheets
Assets Liabilities and Owners Equity
Current assets $ $ Current liabilities $ $
Net fixed assets Longterm debt
PARROTHEAD ENTERPRISE
Income Statement
Sales $
Costs
Depreciation
Interest paid
a What is owners' equity for and Do not round intermediate calculations and round your answer to the nearest whole number, eg
b What is the change in net working capital for Do not round intermediate calculations and round your answer to the nearest whole number, eg
c In Parrothead Enterprises purchased $ in new fixed assets. How much in fixed assets did the company sell? Do not round intermediate calculations and round your answer to the nearest whole number, eg
c In Parrothead Enterprises purchased $ in new fixed assets. What is the cash flow from assets for the year? The tax rate is percent. Do not round intermediate calculations and round your answer to the nearest whole number, eg
d During Parrothead Enterprises raised $ in new longterm debt. How much longterm debt must Parrothead Enterprises have paid off during the year? Do not round intermediate calculations and round your answer to the nearest whole number, eg
d During Parrothead Enterprises raised $ in new longterm debt. What is the cash flow to creditors? Do not round intermediate calculations and round your answer to the nearest whole number, eg
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