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this question was not fully answered change in NWC: Fixed Asset Sold: Cash Flow from Asset: Debt Retired: Cash flow to Creditors: HW 2 Saved

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change in NWC: Fixed Asset Sold: Cash Flow from Asset: Debt Retired: Cash flow to Creditors:

HW 2 Saved Consider the following abbreviated financial statements for Parrothead Enterprises PARROTHEAD ENTERPRISES 2017 and 2018 Partial Balance Sheets Assets 2017 $1.266 $1,387 5,043 Liabilities and Owners' Equity 2018 2017 2018 $ 552 $ 601 2,738 Current assets Net fixed assets Current liabilities oints 6,098 Long-term debt 2,915 eBook PARROTHEAD ENTERPRISES 2018 Income Statement $15,778 7,225 1,423 428 Print References Sales Costs Depreciation Interest paid What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) What is the change in net working capital for 2018? (Do not round intermedi calculations.) a. b. PARROTHEAD ENTERPRISES 2018 Income Statement $15,778 7,225 1,423 428 Sales Costs Depreciation Interest paid k What is owners' equity for 2017 and 2018? (Do not round intermediate calculations.) What is the change in net working capital for 2018? (Do not round intermediate calculations.) c-1. In 2018, Parrothead Enterprises purchased $2,616 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 $2,616 in new fixed assets. What is the cash flow from assets for the year? The tax rate is 22 percent. (Do not round intermediate calculations.) d-1. During 2018, Parrothead Enterprises raised $554 in new long-term debt. How much long-term debt must Parrothead Enterprises have paid off during the year? (Do not round intermediate calculations.) d-2. During 2018, Parrothead Enterprises raised $554 in new long-term debt. What is the cash flow to creditors? (Do not round intermediate calculations.) a. b. ces $ Owners' equity 2017 3,019 a. 3,969 $ . Owners' equity 2018

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