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onsider the following abbreviated financial statements for Weston Enterprises: WESTON ENTERPRISES 2 0 1 8 and 2 0 1 9 Partial Balance Sheets Assets Liabilities
onsider the following abbreviated financial statements for Weston Enterprises:
WESTON ENTERPRISES
and Partial Balance Sheets
Assets Liabilities and Owners Equity
Current assets $ $ Current liabilities $ $
Net fixed assets Longterm debt
WESTON ENTERPRISES
Income Statement
Sales $
Costs
Depreciation
Interest paid
a What is owners' equity for and Do not round intermediate calculations.
b What is the change in net working capital for Do not round intermediate calculations.
c In Weston Enterprises purchased $ in new fixed assets. How much in fixed assets did the company sell? Do not round intermediate calculations.
c In Weston Enterprises purchased $ in new fixed assets. What is the cash flow from assets for the year? The tax rate is percent. Do not round intermediate calculations.
d During Weston Enterprises raised $ in new longterm debt. How much longterm debt must Weston Enterprises have paid off during the year? Do not round intermediate calculations.
d During Weston Enterprises raised $ in new longterm debt. What is the cash flow to creditors? Do not round intermediate calculations.
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