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Problem 2-21 Calculating Cash Flows [LO 4] Consider the following abbreviated financial statements for Cabo Wabo, Inc.: a. What is owners' equity for 2018 and
Problem 2-21 Calculating Cash Flows [LO 4] Consider the following abbreviated financial statements for Cabo Wabo, Inc.: a. What is owners' equity for 2018 and 2019? (Do not round intermediate calculations and round your answers to the nearest whole number, e.g., 32.) b. What is the change in net working capital for 2019 ? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-1. In 2019 , the company purchased $7,957 in new fixed assets. The tax rate is 24 percent. How much in fixed assets did the company sell? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) c-2. What is the cash flow from assets for the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-1. During 2019 , the company raised $2,425 in new long-term debt. What is the cash flow to creditors? (A negative answer should be indicated by a minus sign. Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.) d-2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answer to the nearest whole number. e.a.. 32.1 number, e.g., 2.) d-2. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations and round your answer to the nearest whole number, e.g., 32.)
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