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Consider the following abbreviated financial statements for Weston Enterprises: a. What was owners' equity for 2016 and 2017? (Do not round intermediate calculations.) b. What
Consider the following abbreviated financial statements for Weston Enterprises: a. What was owners' equity for 2016 and 2017? (Do not round intermediate calculations.) b. What was the change in net working capital for 2017? (Do not round intermediate calculations.) Change in NWC $ 25 In 2017, the company purchased $1,865 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) Fixed assets sold $2,210 In 2017, the company purchased $1,865 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 35 percent. (Do not round intermediate calculations.) Cash flow from assets $ 30 During 2017, the company raised $390 in new long-term debt. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations.) Debt retired $ 231 During 2017, the company raised $390 in new long-term debt. What was the cash flow to creditors? (Do not round intermediate calculations.) Cash flow to creditors $ 31
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