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Problem 2-22 Calculating Cash Flows [LO4] Consider the following abbreviated financial statements for Parrothead Enterprises PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2014 2015
Problem 2-22 Calculating Cash Flows [LO4] Consider the following abbreviated financial statements for Parrothead Enterprises PARROTHEAD ENTERPRISES 2014 and 2015 Partial Balance Sheets 2014 2015 3,887 4,552 Long-term debt Assets Liabilities and Owners' Equity 2014 2015 $ 370 392 2,003 2,137 $ 922 $ 1,010 Current liabilities Current assets Net fixed assets PARROTHEAD ENTERPRISES 2015 Income Statement Sales Costs Depreciation Interest paid $ 11,200 5,600 1,050 150 a. What is owners' equity for 2014 and 2015? (Do not round intermediate calculations.) Owners' equity 2014 Owners' equity 2015 b. What is the change in net working capital for 2015? (Do not round intermediate calculations.) Change in NWC c-1 In 2015, Parrothead Enterprises purchased $1,815 in new fixed assets. How much in fixed assets did Parrothead Enterprises sell? (Do not round intermediate calculations.) Fixed assets sold
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