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finnce were $3.564. At the end of the year, net lixed as $7.829, and current liabilities were $4.159. The tax rate for 2015 was 35
finnce
were $3.564. At the end of the year, net lixed as $7.829, and current liabilities were $4.159. The tax rate for 2015 was 35 percent a. What is net income for 2015 h. What is the operating cash flow for 2015? e. What is the cash flow from assets for 2015? Is this possible? Explain. d. If no new debt was issued during the year, what is the cash flow to creditors? What is the cash flow to stockholders? Explain and interpret the positive and negative signs of your answers in (a) through (d). Calculating Cash Flows [LO4] Consider the following abbreviated financial state- ments for Parrothead Enterprises: 22. PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets Assets Liabilities and Owners' Equity 2014 2015 2014 2015 Current assets $1,005 $1,089 Current liabilities $ 402 $ 451 Net fixed assets 4,144 4,990 Long-term debt 2,190 2,329 PARROTHEAD ENTERPRISE 2015 Income Statement Sales $12 Costs Depreciation Interest paid a. What is owners' equity for 2014 and 2015? What is the change in net working capital for 2015? HowStep by Step Solution
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