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WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets Assets Liabilities and Owners Equity 2019 2020 2019 2020 Current assets $ 1,248 $ 1,305 Current liabilities
WESTON ENTERPRISES 2019 and 2020 Partial Balance Sheets | ||||||||||||||
Assets | Liabilities and Owners Equity | |||||||||||||
2019 | 2020 | 2019 | 2020 | |||||||||||
Current assets | $ | 1,248 | $ | 1,305 | Current liabilities | $ | 568 | $ | 600 | |||||
Net fixed assets | 5,777 | 6,023 | Long-term debt | 3,228 | 3,489 | |||||||||
WESTON ENTERPRISES 2020 Income Statement | ||
Sales | $ | 17,529 |
Costs | 5,203 | |
Depreciation | 1,532 | |
Interest paid | 708 | |
a. | What was owners' equity for 2019 and 2020? (Do not round intermediate calculations.) |
b. | What was the change in net working capital for 2020? (Do not round intermediate calculations.) |
c-1. | In 2020, the company purchased $3,110 in new fixed assets. How much in fixed assets did the company sell? (Do not round intermediate calculations.) |
c-2. | In 2020, the company purchased $3,110 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 25 percent. (Do not round intermediate calculations.) |
d-1. | During 2020, the company raised $772 in new long-term debt. How much long-term debt must the company have paid off during the year? (Do not round intermediate calculations.) |
d-2. | During 2020, the company raised $772 in new long-term debt. What was the cash flow to creditors? (Do not round intermediate calculations.) |
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