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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
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 $3,054 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 $3,054 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) d-1. During 2020, the company raised $702 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 $702 in new long-term debt. What was the cash flow to creditors? (Do not round intermediate calculations.)
Consider the following abbreviated financial statements for Weston Enterprises: 25 points 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 \$3,054 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 $3,054 in new fixed assets. What was the cash flow from assets for the year? The tax rate is 21 percent. (Do not round intermediate calculations.) d-1. During 2020 , the company raised $702 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 $702 in new long-term debt. What was the cash flow to creditors? (Do not round intermediate calculations.)Step by Step Solution
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