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How do I find Cash Flow to Stockholders? Calculating Cash Flows [LO4] Consider the following abbreviated financial state- ments for Parrothead Enterprises: 7 PARROTHEAD ENTERPRISES
How do I find Cash Flow to Stockholders?
Calculating Cash Flows [LO4] Consider the following abbreviated financial state- ments for Parrothead Enterprises: 7 PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets PARROTHEAD ENTERPRISES 2015 Income Statement Assets Liabilities and Owners' Equity 2014 2015 $%1,005 $1,089 Current liabilities 402 $ 451 Sales Costs Depreciation $12,751 2014 2015 Current assets Net fixed assets 5,946 1,136 323 4,144 4,990 Long-term debt2,190 2,329 Interest paid a. What is owners' equity for 2014 and 2015? b. What is the change in net working capital for 2015? c. In 2015, Parrothead Enterprises purchased $2,080 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? What is the cash flow from assets for the year? (The tax rate is 35 percent.) d. During 2015, Parrothead Enterprises raised $420 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? What is the cash flow to creditorsStep by Step Solution
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