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Consider the following abbreviated financial statements for Weston Enterprises: (Do not round intermediate calculations.) WESTON ENTERPRISES 2011 and 2012 Partial Balance Sheets Assets Liabilities and
Consider the following abbreviated financial statements for Weston Enterprises: (Do not round intermediate calculations.) |
WESTON ENTERPRISES 2011 and 2012 Partial Balance Sheets | ||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||
2011 | 2012 | 2011 | 2012 | |||||||||||
Current assets | $ | 932 | $ | 980 | Current liabilities | $ | 375 | $ | 400 | |||||
Net fixed assets | 3,867 | 4,572 | Long-term debt | 2,018 | 2,162 | |||||||||
WESTON ENTERPRISES 2012 Income Statement | ||
Sales | $ | 11,675 |
Costs | 5,675 | |
Depreciation | 1,050 | |
Interest paid | 170 | |
a. | What is owners' equity for 2011 and 2012? |
Owners' equity 2011 | $ |
Owners' equity 2012 | $ |
b. | What is the change in net working capital for 2012? |
Change in NWC | $ |
c-1. | In 2012, Weston Enterprises purchased $1,840 in new fixed assets. How much in fixed assets did Weston Enterprises sell? |
Fixed assets sold | $ |
c-2. | In 2012, what is the cash flow from assets for the year? (The tax rate is 35 percent.) |
Cash flow from assets | $ |
d-1. | During 2012, Weston Enterprises raised $380 in new long-term debt. What is the cash flow to creditors? |
Debt retired | $ |
d-2. | What is the cash flow to creditors? |
Cash flow to creditors | $ |
References
I've completed A-C1. I need help on C2-d2
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