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1. (10 points) Consider the following abbreviated financial statement for Weston Enterprises: Weston Enterprises Partial Balance Sheet Assets Liabilities and Owners' Equity 2018 2019 2018
1. (10 points) Consider the following abbreviated financial statement for Weston Enterprises: Weston Enterprises Partial Balance Sheet Assets Liabilities and Owners' Equity 2018 2019 2018 2019 $1,157 $1,411 $481 Current assets Net Fixed assets Current Liabilities Long-term Debt $534 3,256 5,261 6,125 2,856 Weston Enterprises 2019 Income Statement Sales $17,688 Costs 7,118 Depreciation 1,478 Interest paid 392 a) What is owners' equity for 2018 and 2019? (2 points) b) What is the change of net working capital for 2019? (2 points) c) In 2019, Weston Enterprises purchase $2,820 in new fixed assets. How much in fixed assets did Weston Enterprises sell? What is the cash flow from asset for the year? The tax rate is 22 percent ? (3 points) d) During 2019, Weston Enterprises raised $545 in new long-term debt. How much long-term debt must Weston Enterprises have paid off during the year? What is the cash flow to creditors? (3 points)
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