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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 | $ | 1,212 | $ | 1,315 | Current liabilities | $ | 489 | $ | 547 | |||||
Net fixed assets | 4,980 | 5,999 | Long-term debt | 2,639 | 2,807 | |||||||||
WESTON ENTERPRISES 2019 Income Statement | ||
Sales | $ | 15,346 |
Costs | 7,144 | |
Depreciation | 1,369 | |
Interest paid | 392 | |
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 $2,508 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 $2,508 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 $509 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 $509 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) |
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