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please completed all parts Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners'
please completed all parts
Consider the following abbreviated financial statements for Parrothead Enterprises: PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets Liabilities and Owners' Equity 2017 2018 2017 2018 Current assets $ 1.254 $ 1,371 Current liabilities $ 538 $ 589 Net fixed assets 5,029 6,076 Long-term debt 2,716 2,891 PARROTHEAD ENTERPRISES 2018 Income Statement Sales $ 15,682 Costs Depreciation Interest pald 7.207 1,411 420 a. What is owners' equity for 2017 and 2018? (Do not round Intermediate calculations.) b. What is the change in net working capital for 2018? (Do not round Intermediate calculations.) c-1. In 2018, Parrothead Enterprises purchased $2,592 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) C-2. In 2018, Parrothead Enterprises purchased $2,592 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 24 percent. (Do not round Intermediate calculations.) d-1. During 2018, Parrothead Enterprises raised $544 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) a. Owners' equity 2017 Ownersequity 2018 b. Chango in NWC C-1. Fixed assets sold c-2. cash flow from assets d-1. Debt retired d-2. Cash flow to creditors Step by Step Solution
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