PARROTHEAD ENTERPRISES 2014 AND 2015 PARTIAL BALANCE SHEET

assets	Liabilities and owner
	2014	2015		2014	2015
Current assets	$653	$707	Currents liabilities	$261	$293
Net fixed assets	$2,691	$3,240	Long-term debt	$1,422	$1,512

PARROTHEAD ENTERPRISES 2015 INCOME STATEMENT

Sales	$8,280
costs	$3,861
depreciation	$738
Interest paid	$211

• 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 $1,350 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 E,nterprises have paid off during the year? What is the cash flow to creditors?