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Consider the following abbreviated financial statements for Weston Enterprises: Weston Enterprises 2011 & 2012 Partial Balance Sheets Assets Liabilities & Owner' Equity 2011 2012 2011
Consider the following abbreviated financial statements for Weston Enterprises: Weston Enterprises 2011 & 2012 Partial Balance Sheets Assets Liabilities & Owner' Equity 2011 2012 2011 2012 Current assets $936 $1,015 Current liabilities $382 $416 Net Fixed Assets 4176 4896 Long-term debt 2,160 2,477 Weston Enterprises 2012 Income Statement Sales $12,380 Costs $5,776 Depreciation $1,150 Interest paid $314 d. During 2012, Weston Enterprises raised $432 in new long -term debt. How much long term debt must Weston Enterprises have paid off during the year? What is the cash flow to creditors
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