Question
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial Balance Sheets Assets Liabilities and Owners Equity 2018 2019 2018
Consider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2018 and 2019 Partial Balance Sheets Assets Liabilities and Owners Equity 2018 2019 2018 2019 Current assets $ 1,308 $ 1,443 Current liabilities $ 601 $ 643 Net fixed assets 5,092 6,175 Long-term debt 2,815 2,999 WESTON ENTERPRISES 2019 Income Statement Sales $ 16,114 Costs 7,288 Depreciation 1,465 Interest paid 456
a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations.)
b. What is the change in net working capital for 2019? (Do not round intermediate calculations.)
c-1. In 2019, Weston Enterprises purchased $2,700 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.)
c-2. In 2019, Weston Enterprises purchased $2,700 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.)
d-1. During 2019, Weston Enterprises raised $589 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? (Do not round intermediate calculations.)
d-2. During 2019, Weston Enterprises raised $589 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.)
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