Question
Consider the following financial statements for Cabo Wabo Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019. Assets 2018 $3,133,
Consider the following financial statements for Cabo Wabo Inc.: CABO WABO, INC. Partial Balance Sheets as of December 31, 2018 and 2019. Assets 2018 $3,133, Assets 2019 $3,345, Net fixed assets 2018 $14,038, Net fixed assets 2019 $14,509, Liability and owners' equity Current Liabilities 2018 $1,387. Current liabilities 2019 $2,058, Lont-term debt 2018 $7,353, long-term debt 2019 $8,397 Sales $ 44,970 Costs 22,512 Depreciation 3,873 Interest paid 999 What is owners' equity for 2018 and 2019? (Do not round intermediate calculations and round your answers to the immediate nearest whole number, e.g.32. .) b. What is the change in net working capital for 2019? (Do not round intermediate calculations and round your answers to the immediate nearest whole number, e.g.32. .) c-1. In 2019, the company purchased $8,020 in new fixed assets. The tax rate is 21%. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answers to the immediate nearest whole number, e.g.32. .) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answers to the immediate nearest whole number, e.g.32.) d-1. During 2019, the company raised $2,467 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations and round your answers to the immediate nearest whole number, e.g.32. .) d-2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answers to the immediate nearest whole number, e.g.32).
Step by Step Solution
There are 3 Steps involved in it
Step: 1
Get Instant Access to Expert-Tailored Solutions
See step-by-step solutions with expert insights and AI powered tools for academic success
Step: 2
Step: 3
Ace Your Homework with AI
Get the answers you need in no time with our AI-driven, step-by-step assistance
Get Started